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Monetary policy with transitory vs. permanently low growth

29-11-2018

The recent economic slowdown in the euro area depends on supply-side and demand-side factors with different conse-quences on potential output. On the one hand, it may grow at a low pace for a long time; on the other hand, it may soon grow a bit faster. The ECB strategy has to adapt to these different possible outcomes. Anyway, we argue that the ECB has rooms for manoeuvre whatever the trend in output. This document was provided by Policy Department A at the request of the Committee on Economic and ...

The recent economic slowdown in the euro area depends on supply-side and demand-side factors with different conse-quences on potential output. On the one hand, it may grow at a low pace for a long time; on the other hand, it may soon grow a bit faster. The ECB strategy has to adapt to these different possible outcomes. Anyway, we argue that the ECB has rooms for manoeuvre whatever the trend in output. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs.

Údar seachtarach

Christophe BLOT, Jérôme CREEL and Paul HUBERT

Global Trendometer - Essays on medium- and long-term global trends - July 2018

18-07-2018

The EU faces challenges from the outside and the inside. Most of those are the symptoms of big underlying trends, and handling them needs foresight. The Global Trendometer tries to provide foresight for decision makers in the EU by analysing the changes in these long-term trends. This publication does not offer answers or make recommendations. It presents summarised information derived from a range of carefully selected sources. This issue of the Global Trendometer analyses long-term trends on India ...

The EU faces challenges from the outside and the inside. Most of those are the symptoms of big underlying trends, and handling them needs foresight. The Global Trendometer tries to provide foresight for decision makers in the EU by analysing the changes in these long-term trends. This publication does not offer answers or make recommendations. It presents summarised information derived from a range of carefully selected sources. This issue of the Global Trendometer analyses long-term trends on India, the labour-share of income, and democracy and artificial intelligence. It also features two-pagers on geoengineering, remittances, food security in China, economic waves, the US after Trump, public procurement and deep fakes.