The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
Itamar Drechsler, Alexi Savov, Philipp Schnabl
A low-inflation trap is a situation where both actual and expected inflation are firmly below the central bank’s target and nominal interest rates are close to or at their lower bound. The concept is often used to characterise Japan’s quarter-century of very low, and often negative, inflation (e.g. Krugman 1998). More recently, persistent inflation shortfalls across the industrialised world have raised concerns that other jurisdictions, too, may be on the verge of getting caught in a Japanese-style low-inflation trap. Our new research shows how fiscal policy can help guard economies against this fate.
Justyna Haba, and Karolina Owczarz are making their name in
KSW. Since day one with the sport of MMA, even in its infancy, the touch is always passed to the next generation of fighters. In female Polish MMA, the future generation will consist of a dangerous featherweight in
Karolina Sobek.
Karolina Sobek: Early Life and Finding MMA
Every MMA fighter finds the sport in their own way. Some to protect themselves from bullies, while some are captivated by the sport on television. For Karolina Sobek, growing up with three big brothers was the key. “I have three older brothers and we have always had little fights since I was a child. When I grew a little bit, I thought that I would like to go to boxing,” Sobek told MMASucka. “I didn’t even know what MMA was, just for boxing. I accidentally came to Spartacus club and I liked it so much that I just stayed.”