Deputy Director of Monetary Policy, European Central Bank (ECB)
All Sessions by Natacha Valla
Persistent low inflation: Does the ECB need ‘to go fiscal’ to succeed?
09:45 - 11:00
Inflation is stuck at around 1% in the euro area and market-based forecasts point to low inflation continuing for the foreseeable future. The ECB has not been able to induce higher spending, even with ‘unconventional’ policies of negative rates and bond buying. Should it consider measures to foster higher spending directly, for example by providing explicit subsidies for lending or issuing ‘helicopter money’’?