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Dispatch€s from Frankfurt - ECB: Graduated Response
From thinicemacroeconomics.substack.com
Last week we had the annual “ECB and its Watchers” conference here in Frankfurt, which every year brings together ECB decision makers and staffers, financial market participants, and academics. I’ve been attending this conference for more than ten years, initially as an ECB staff economist, and its always a great place to reconnect with people. Not surprisingly, I found the mood among attendants much more sober than a year ago – back then, Germany had just unveiled fiscal stimulus and there was widespread optimism on Europe. This time around, worries abounded – mostly from the war, but also on some ... (full story)
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