The ECB's asset purchases over the past two years have reduced the threat of deflation in the euro area as a whole.
If the economic outlook in the euro area becomes less favorable, then increasing the ECB's asset purchase program (in size or duration) would substantially increase the euro area's economic growth over the following five years.
Implementing a "destination based cash flow tax (including border adjustment)" of the type advocated by Speaker Ryan would substantially reduce the US trade deficit within the next few years.
Implementing a “destination based cash flow tax (including border adjustment)” of the type advocated by Speaker Ryan would substantially raise prices for US consumers.
