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Happy to see the @ecb @Isabel_Schnabel acknowledge that unfunded deficits are a threat to price stability. The consequence that follows is clear: countries should have the right incentives to pursue fiscally sustable. Now they do not.
RT @masuch_klaus: 👇Speech by @Isabel_Schnabel on monetary-fiscal interaction at times of high inflation. FYI: @EricMLeeper @JohnHCochrane @lugaricano @Francesco_Bia @LeonardoMelosi @HannoLustig @Bachma…
