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Reports (Research Report) Year : 2018

Monetary policy with transitory vs. permanently low growth

Abstract

The recent economic slowdown in the euro area depends on supply-side and demand-side factors with different consequences on potential output. On the one hand, it may grow at a low pace for a long time; on the other hand, it may soon grow a bit faster. The ECB strategy has to adapt to these different possible outcomes. Anyway, we argue that the ECB has rooms for manoeuvre whatever the trend in output
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hal-03404318 , version 1 (10-12-2021)

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Christophe Blot, Paul Hubert. Monetary policy with transitory vs. permanently low growth. [Research Report] European Parliament. 2018. ⟨hal-03404318⟩
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