tag:blogger.com,1999:blog-5713178645208582139.post2020899182632548399..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: The Eurozone Crisis is a Monetary Crisis, Not a Fiscal OneDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5713178645208582139.post-14117700143850502692011-12-07T10:42:10.685-06:002011-12-07T10:42:10.685-06:00Europe wide stimulus might work as suggested by Am...Europe wide stimulus might work as suggested by Ambrose EP, but I were German I’d be tempted not to give it a try on the grounds that any such stimulus would just raise inflation in the periphery by as much as it would raise it in Germany, which would defeat the object of the exercise.<br /><br />Greeks are not exactly averse to awarding themselves early retirement, wage increases with (in their Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-13014781252570546902011-12-05T04:32:57.167-06:002011-12-05T04:32:57.167-06:00the German GDP will not stay close to trend much l...the German GDP will not stay close to trend much longer.<br />That plus the deceleration in YoY inflation in the euro area will prompt the ECB to start monetary easing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-13521239368503070182011-12-03T05:46:53.844-06:002011-12-03T05:46:53.844-06:00Oh please, spare us Ambrose-Pritchard! He (and to...Oh please, spare us Ambrose-Pritchard! He (and to some extent his newspaper too) is representative of a die-hard group of British eurosceptics, and any criticism of the EU from them is to be taken with a bag of salt.<br /><br />"Everybody must be crucified to keep German internal inflation under 2%". Rubbish: eurozone inflation is presently about 3% ( http://epp.eurostat.ec.europa.eu/RebelEconomisthttps://www.blogger.com/profile/13241098878248190971noreply@blogger.com