Inflation Risk?

Abstract Inflation is on the rise again in industrialised world. This has led to fears of a sustained surge inflation. article argues that while such may make sense US, they do not eurozone, where monetary-fiscal policy mix been much less expansionary than US. The fear expressed by some monetary overhang from large injections liquidity through quantitative easing might lead inflation eurozone does stand up scrutiny either. conclusion offers observations operating procedures ECB. It future, when interest rates again, ECB risks transferring all (and even more) its profits banking system. proposes way avoid this unacceptable outcome.