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07 Oct 2019

The Eurozone’s 2% Fixation

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Originally Published: Project Syndicate, 7 October 2019

The European Central Bank’s inflation target of “below, but close to, 2%” currently dominates economic policymaking in the eurozone. Moreover, the idea that this target supersedes the bloc’s fiscal rules seems to be gaining ground – with potentially worrying implications for financial stability.

Read more here.