Inflation and unemployment in Europe – insights from the ECB’s 2015 Sintra Forum

Vítor Constancio, Philipp Hartmann and Oreste Tristani

Research Bulletin, 2015, vol. 23, 1-8

Abstract: The euro area needs a blend of demand stimulus and structural reforms in order to master the challenges of high unemployment and low inflation. This broad conclusion can be drawn from the ECB’s 2015 Sintra Forum on Central Banking. The Research Bulletin’s lead article summarises some main takeaways from the Forum proceedings that were published recently. It includes the main arguments made in a candid debate between those Forum participants that favour more aggressive monetary policy responses to real economy developments and those that would like to see a deepening, and faster pace, of structural reforms.

Date: 2015-12
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbrbu:2015:0023:1

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