ECB's Mersch cautions against ‘extreme’ policy measures
Central bank cannot fulfil mandate with “mathematical equations”, says Mersch
A member of the European Central Bank's board has warned against using unconventional policy tools backed by "sophisticated models", instead recommending central bankers turn to instruments that maintain trust in the currency.
Speaking in Italy on September 3, Yves Mersch emphasised that trust in currency can be "undermined" by "extreme" policy measures which have "unacceptable side effects". He went on to caution against "academic proposals" that prefer "sophisticated models to social
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