From “Dividing by Zero” (Global Knowledge, 2016-2017), Ana Nives Radovic
Over the past several years we have witnessed how hard it is for the European Central Bank to fight against the deflation, since fragile countries were unable to focus the borrowed funds to stimulate growth. However, particular governments are still having a bet on inflation. In 2017, if inflation proceeds, so there will be even more unemployed, and purchasing power, which is now much reduced by stagnation and taxation, will further be lowered.
The article is part of academic publication “Dividing by Zero” and will be available online after October 21st 2017, after e-book distribution to scientific research units.