• ECB, Draghi: monetary policy has inevitably created destabilising spill-overs

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28 junio 2016

ECB, Draghi: monetary policy has inevitably created destabilising spill-overs

  • we would all clearly benefit from enhanced understanding between CBs

  • global economy can benefit from alignment of policies

  • we may not need formal coordination of policies but we can benefit from more alignment

  • monetary policy has inevitably created destabilising spill-overs as well

  • divergent monetary policy can create uncertainty about future policy intentions that can lead to higher FX volatility and risk premia

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