France blames 80s monetary policy for poor growth
Had monetary policy implemented its new inflation objective at a faster rate, the eurozone would have experienced more sustained growth than it actually did during the eighties, new research from the Banque de France posits.
The research shows that in the main continental European countries (Germany, France, Italy and Spain), disinflation policies have been implemented very gradually and this reflected either a purposeful choice of monetary policy or constraints imposed by European Monetary
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