Wages, import prices, bottlenecks in shortages in the employment market
More Quotes from Wim Duisenberg:
The Danish people have chosen to deprive themselves of benefits in the form of an increase in the rate of growth and the welfare of the economy that would have otherwise taken place, and that is already taking place within the euro area.Wim Duisenberg
Of most concern are some of the uncertainties that will inevitably arise as the result of the move to stage three. Against this background, the council has chosen a distinct monetary policy strategy and one that reflects the circumstances it faces at present.
Wim Duisenberg
On the basis of the information available, the current stance of monetary policy is appropriate to ensure that the euro area will be able to maintain price stability over the medium term,
Wim Duisenberg
Not having an exchange rate policy -- and we do not have one -- does not mean there is benign or malign neglect. For the time being there is neglect.
Wim Duisenberg
Don't ask for monetary policy to perform tricks it cannot deliver,
Wim Duisenberg
An inappropriately lax monetary policy would not create better conditions for the emergence of a new economy
Wim Duisenberg
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I cannot say who, precisely, came up with the idea of a Stone Age family.
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I really feel like the gift is also the curse. It's always half-and-half. Whatever brings you the most joy will also probably bring you the most pain. Always a price to pay.
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