The European Central Bank (ECB) should scrap its target to keep price inflation at 2 percent, Nobel prize winning economist Joseph Stiglitz said on Thursday (6 March).
Speaking at an event organised by the European Parliament's Socialist group, Stiglitz said central banks should look to strike a balance between controlling inflation and supporting job creation.
"The ECB's mandate needs to be changed," he noted.
Stiglitz is a long-standing critic of inflation-targeting by ce...
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