We propose a monetary reform in the euro area by combining the introduction of the digital euro with the Chicago Plan of 1933.

Our simulations show that the money overhang has the potential to keep inflation at 6 per cent annually in the US and 4¾ per cent in the Eurozone until the middle of this decade.

The paper analyses the reasons for Japans persistently low inflation since the bursting of the Japanese bubble economy (low inflation conundrum).

The term "sustainability" is complex and needs common sense