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Euro Area — “deflation” versus “lowflation” | iMFdirect – The IMF Blog

… and real interest rates, less relative price adjustment, and greater unemployment. Along with Japan's experience, which saw deflation worm itself into the system, this argues for a more pre-emptive approach by the ECB.

Taken from:
Euro Area — “deflation” versus “lowflation” | iMFdirect – The IMF Blog

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