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In the Media | April 2014

Real Time Economics

The Wall Street Journal, April 11, 2014. All Rights Reserved.

ECB’s Constancio: “We Will Do Something” About Low Inflation.  The ECB is poised to take action to tackle the problem of low inflation that continues to consistently undershoot its official target, ECB Vice President Vitor Constancio said Thursday. He said policy makers are still trying to figure out which measures to take, adding that bond buying is a possibility.   “We will do something because the situation is that inflation is indeed very low, and even considering only our primary mandate of price stability we are clearly not achieving our target of having, on a medium-term basis, inflation below but close to 2%,” Mr. Constancio told a conference in Washington sponsored by the Levy Economics Institute. http://on.wsj.com/1n92J4q 

ECB Constancio Says Healthy Bank Sector Won’t Guarantee Quick Economic Rebound. 
http://on.wsj.com/1sHfLdz

ECB’s Praet: Euro-Zone Economies ‘Will See Economic Slack Until 2017.’ The euro zone economy will see economic slack persist until 2017 at least, European Central Bank executive board member Peter Praet said Thursday, suggesting that the ECB will maintain its easy-money policies well into the future. Still, Mr. Praet signaled that the ECB is in no rush to provide additional stimulus through rate cuts or other measures, saying that the bank’s inflation outlook remains in place despite a string of weak reports. http://on.wsj.com/1ixBFaW
 

Publication Highlight

Research Project Reports
The Macroeconomic Effects of Student Debt Cancellation
Author(s): Scott Fullwiler, Stephanie A. Kelton, Catherine Ruetschlin, Marshall Steinbaum
February 2018

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