Pantheon Macroeconomics - Distinguishing between the structural and cyclical story is crucial to understanding the inflation picture in the Eurozone. Nobel laureate Paul Krugman recently lamented--New York Times, March 1st--that the Eurozone economy appears to be stalling. We doubt the outlook for GDP growth this year is that dire.

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03 Mar. 2016 A Lower EZ Inflation Target Makes Sense, but Don't Hold Your Breath

By Claus Vistesen

Distinguishing between the structural and cyclical story is crucial to understanding the inflation picture in the Eurozone. Nobel laureate Paul Krugman recently lamented--New York Times, March 1st--that the Eurozone economy appears to be stalling. We doubt the outlook for GDP growth this year is that dire.

Posted: 3rd Mar 2016 in 'Eurozone Documents'

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