# Professor Viral Acharya’s thoughts on Europe's depressed economic growth and inflation rates are referenced

1 Faculty News February 2, 2020 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from [Financial Times](https://www.ft.com/content/1d87c9ec-4762-11ea-aeb3-955839e06441) -- "[Viral Acharya](https://www.stern.nyu.edu/faculty/bio/viral-acharya) of New York University says 'it is hard not to entertain the thought . . . that Europe is following the path of Japan', where low rates and banks’ refusal to write off bad debt sapped growth for decades."

[Read More](https://www.ft.com/content/1d87c9ec-4762-11ea-aeb3-955839e06441)