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Chief Economist´s Comment - Sunday Wrap

  • I’ll first lay out the land of where we are coming from and identify the key characteristics of the post-pandemic world in which the ECB needs to operate.
  • I’ll then outline how to recreate a credible inflation targeting regime.
  • Finally, and related, I’ll discuss how to move away from the key distortions, which presently compromise the ECB’s effectiveness.

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