Despite statements to the contrary, no central bank, including the ECB, can simply focus on inflation and ignore what happens to economic activity. Suppose, for the sake of argument, that stabilizing prices came at the cost of a 30% unemployment rate.
尽管嘴上不说，但实际上没有一家中央银行，包括欧洲央行在内，能够单纯地集中解决通胀，而忽视对经济活动的影响。假如——仅仅是打个比方——稳定物价的代价是30%的失业率，肯定不会有人喜欢。