ECB should adopt symmetric 2% target with AIT – US economist
Academics say ECB’s new policy framework needs to react more quickly to inflation changes
Leading US economists and former officials agreed the European Central Bank should adopt a 2% symmetric inflation target after the ongoing strategy review.
In a panel discussion organised by the Peterson Institute for International Economics on May 25, experts stressed the ECB should transition to a less pre-emptive policy framework. Changing inflation dynamics and more complex and volatile financial markets may require a mandate allowing the central bank to swiftly react to changing economic
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