Economic success depends on a thriving enterprise sector: the employment, investment and innovation decisions made by the over two hundred thousand private sector firms active in Ireland are critically important in determining national economic performance. In addition, the behaviour of firms also has a wider impact in terms of making progress in meeting the country’s social, environmental and regional objectives.
Let me comment on the one that proposes to increase the level of inflation under the target to ease the zerolower-bound problem, i.e. the constraint on monetary policy arising from the fact that nominal interest rates are around zero.