Could a Middle Ages Trick Help the ECB Increase Inflation and Raise Funds?

Dow Jones Newswire has published a piece about research by Roger Svensson, IFN, and Andreas Westermark, the Riksbank. Dow Jones writes that as the European Central Bank is struggling to get inflation going, "maybe it is time the ECB tried something a little bit more radical, something from the playbook of authorities from the Middle Ages: recoinage".