Commentary The constant financing of deficits in countries that perpetuate structural imbalances has not only not helped to strengthen growth, since the eurozone and the United States already suffered downgrades of estimates before the COVID-19 crisis, but is also driving inflation higher. Monetary policy has been ultra-expansive for more than 10 years, in crisis, recovery,…
Monetary Policy: From a Tool to Help States Make Structural Reforms to an Excuse Not to Carry Them Out
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