Claeys, Grégory; Darvas, Zsolt; Merler, Silvia; Wolff, … - Bruegel - 2014
See comments by the authors 'Addressing weak inflation: The ECBâ??s Shopping List' and comment 'Negative ECB deposit … rate: But what next?' 1. Introduction There are clear benefits to price stability. High inflation can distort corporate … investment decisions and the consumption behaviour of households. Changes to inflation redistribute real wealth and income …