Authors:

  • Paul Sheard

Excerpt

July 13, 2021, Opinion: "The European Central Bank has released the results of its 18-month monetary policy strategy review. Abandoning its previous woolly one, the ECB has adopted a symmetric 2% inflation target and it is formally incorporating climate change considerations into its policy framework. But the ECB missed an opportunity to hammer home that increasingly expansionary monetary policy needs to be buttressed...."

MRCBG Affiliate - Paul Sheard