Finally
somebody agrees with me and anything less it is the International Monetary Fund
(IMF) it seems that they have also been given bill that the stability of the
prices sustained during the recession should allow to the monetary authorities
to apply a more accommodating politics in which fits some stimuli because they
would have some not very significant effects in fact on the current inflation.
In this sense, the international institution sustains in its report
'Perspectives of the world economy' that, since the long term inflationary
expectations remain firmly anchored, it is probable that the inflation also
stays stable as you secures some measures more liberal to promote the
recovery.
As I come
saying an and another time, the fears at a high inflation level should not
prevent that the monetary authorities apply a much more accommodating monetary
politics that allows to unblock the stagnation partly and even the recession of
many economies of the euro area - "Any stimulus excessive storm of the
economy (...) he will probably have not very significant effects on the inflation",
they say those of the IMF.
The European
Central Bank (BCE) he should not fear to be exceeded in providing a
"envelope stimulus" to the economy through their monetary
politicians, while they remain well anchored the inflation perspectives and
maintain safe their credibility and independence, he should not fear to be
exceeded temporarily in their objectives while their credibility is not in
risk, the problem that I always show is that the BCE is tied by the German
economy that he doesn't want a general reactivation because it would be the
same thing that to be created the competition at home.
Germany is
mistaken a moderate inflation cannot take more than to the depression of the
economies that they are not possessors of some strong and competitive
industrial structures these economies they require of a much more feeding of
money to survive and also to maintain to the own German economy and this is
what is happening and the only way to break this cycle is contributing new
liquidity that allows to cover the financing necessities for the restructuring
of the economies in decline to very low cost. A low level of prices and of
costs it necessarily is not equal to a balanced economy.
He has given
me a morals point to read that the IMF tries to influence in something more
than it is not the politics of the fear and the German accommodating
selfishness, you that sooner or later the German economy will perish drowned by
its own fear to that the des capitalized the vagrants of the South, but it is
that against more fear they have less the reality that is see that it is its
own theory the one that impoverishes all the economies of the euro and them
every time but they should assume to feed them because otherwise at the end
themselves will die squashed by the weight of supporting the debts of the other
ones, it is that simple, to my and the IMF he looks like each other this way
it.
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