Forward guidance ‘partly to blame’ for inflation – panel
ECB should do more scenario planning, revise collateral rules and incorporate Taylor principles
Panellists at the European Central Bank and Its Watchers conference broadly agreed on the successes of the bank’s framework but made a number of suggestions to improve it.
During a debate yesterday (March 12), chaired by Deutsche Bundesbank president Joachim Nagel, Maurice Obstfeld from the Peterson Institute for International Economics, former Bank of Cyprus governor Athanasios Orphanides and Volker Wieland from the Institute for Monetary and Financial Stability presented different lessons from
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