BIS authors offer advice on escaping low inflation trap
Luiz Pereira da Silva and co-authors say “snapback” unlikely, given changing labour markets
The Bank for International Settlements’ deputy general manager and a team of economists present ideas on how to escape the current low-interest, low-inflation environment in a new paper.
Luiz Awazu Pereira da Silva, Enisse Kharroubi, Emanuel Kohlscheen and Benoît Mojon argue that policy-makers need to do more to account for changing labour market circumstances and the limits of monetary policy. The paper, published today (September 5), builds on a presentation delivered at the University of
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