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BIPR | News and Views
The ECB Trilemma (in Italian)
July 8, 2022

Alessandro Merli
Associate Fellow
News Description
The ECB is faced with difficult trilemma: a record inflation in the euro area, a rapidly slowing economy and the risk of financial instability due to the fragmentation in the markets. In a commentary for Global Watch, a publication of the Milan think-tank ISPI, SAIS Europe associate fellow Alessandro Merli explains the options for the central bank



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