IMF sees core inflation as quicker way out of eurozone stagnation

03/31/2013 | Bloomberg

The misery of unemployment and economic stagnation in the eurozone's peripheral countries should be met in the near term by higher inflation in the core countries, which in turn can stimulate economies in the periphery, an International Monetary Fund study says. "If it wants the South to adjust, the North must accept more inflation, a point that has been emphasized by the IMF but has not been always fully understood," said Olivier Blanchard, chief IMF economist.

View Full Article in:


Published in Brief: