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ECB Strategic Review, The Formalization of Draghinomics

ECB Strategic Review, The Formalization of Draghinomics

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Jon Turek
Jul 14, 2021
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Cheap Convexity
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ECB Strategic Review, The Formalization of Draghinomics
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Last week we saw the results of the ECB strategy review and the introduction of a new monetary policy statement. Much of the initial reaction to the policy review was that not much changed. And even if the ECB had the right idea, without a commensurate structural shift in fiscal policy in Europe, any hopes of materially affecting the right tail of neutr…

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