How to avert the risk of deflation in Europe: rethinking the policy mix and European economic governance
European Trade Union Institute, Brussels
ETUI - Brussels
2015
6 p.
deflation ; economic policy ; economic recession ; fiscal policy ; governance ; inflation ; monetary policy ; EU economic governance
ETUI Policy Brief. European Economic, Employment and Social Policy
16/2015
Economic development
English
Bibliogr.
2031-8782
"This policy brief discusses the risks of deflation for the European economy. It critically evaluates the European economic governance for not having averted this risk and discusses how a more coordinated approach to both fiscal policy and collective wage bargaining, both aiming at national inflation targets in the context of macroeconomic dialogue, could help stimulate aggregate demand and move the European economy away from the brink of deflation. "
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