BRUSSELS – Stubbornly low inflation has the European Central Bank worried. But its response – essentially just more quantitative easing – could backfire, exacerbating imbalances and generating serious financial instability.
发自布鲁塞尔——挥之不去的低通胀一直困扰着欧洲央行。但它对此的应对手段——本质上只是更多的量化宽松——可能只会适得其反，不但加剧了失衡状况，还将导致严重的金融动荡。