Libich, Jan; Nguyen, Dat; Stehlik, Petr - Volkswirtschaftliche Fakultät, … - 2014
countries should fear both - deflation in the short term and high inflation in the long term - whereas some countries are … Krugman) worry primarily about possible deflation caused by a secular stagnation. In contrast, others (e.g. John Taylor) worry … about excessively high inflation caused by quantitative easing and monetization of fiscal imbalances. We show that some …