13 Nov 2014

Quantitative Easing and Deflation in a Creditor Economy

Daniel Gros

Download Publication


On November 15-16th, world leaders will gather in Brisbane, Australia for the ninth G-20 summit, aimed at increasing world GDP and charting a pathway to sustainable, inclusive growth and resilience through both short and medium-term actions.  Experts from think tanks around the world were commissioned by the Brookings Institution to address in a comprehensive report interrelated debates about growth, convergence and income distribution, three key elements that are likely to shape policy debates beyond the Brisbane summit.

Individual chapters provide insights from each G-20 member, as well as regional perspectives from Africa, Asia, Latin America and the Middle East. CEPS Director Daniel Gros was invited to contribute this chapter on the German economy, entitled “Quantitative Easing and Deflation in a Creditor Economy”.

The full Think Tank 20 report can be downloadeded here.