Bernoth, Kerstin; Fratzscher, Marcel - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 102 (2022) 6, pp. 423-425
extremely high. The ECB therefore finds itself in a difficult dilemma: It must take decisive action against high inflation, but … stability seriously. However, it cannot be said with absolute certainty that these monetary policy decisions herald the start of … a gradual tighter stance toward monetary policy normalisation. This is because economic uncertainty is currently …