Draghi’s Dangerous Farewell (Project-Syndicate)

The risks of further monetary stimulus measures by the European Central Bank outweigh the benefits. Additional stimulus will either amount to less than anticipated or will not be sustained – yet it could still undermine the eurozone’s financial system and public finances in far-reaching ways.

https://www.project-syndicate.org/commentary/mario-draghi-ecb-monetary-stimulus-risks-by-ashoka-mody-2019-09

Ashoka Mody is Visiting Professor of International Economic Policy at the Woodrow Wilson School of Public and International Affairs at Princeton University. He is a former mission chief for Germany and Ireland at the International Monetary Fund. He is the author of EuroTragedy: A Drama in Nine Acts.

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