We can also see that the European sovereign debt crisis has made international investors far more aware of whether individual countries are pursuing responsible fiscal policies. That is why Danmarks Nationalbank repeatedly urges the Danish government to maintain the tight fiscal policy planned for the coming years. We do not need any new stimulus packages at the moment.
This is not necessarily a threat to inflation if this growth entails the necessary microeconomic reforms which will allow for a higher potential growth rate. However if the growth rate does not improve the productive capacity of the economy, there could be inflationary consequences. These considerations are not easily observable, which makes our job that much more difficult. 7.