Implementing an inflationary monetary policy will not make lasting reductions in unemployment, but will actually serve to exacerbate the problem over the medium term. As we know, inflation distorts saving and investment decisions, raises the risk premium in long-term interest rates and undermines the allocative efficiency of the price mechanism. In addition, it is particularly detrimental from the perspective of social justice.
er Hub  “Coining rockstars - music and money” - Deputy Governor Sharon Donnery 26 November 2019  Speech  Remarks by Deputy Governor, Sharon Donnery, at the launch of the € Silver Proof Commemorative Coin marking 70 years since the birth of Irish musician Phil Lynott A Uachtaráin, a Ghobharnóir, a dhaoine uaisle, Dia dhaoibh.