Monetary policy will stay the course for now and guard against a persistent upward shift in inflation expectations. By acting swiftly now, we should be able to avoid a ‘Volcker shock’. My column @voxeu @ECPR @ecb @SuomenPankki
 
https://cepr.org/voxeu/columns/acting-swiftly-now-we-can-prevent-volcker-shock

🐦🔗: https://n.respublicae.eu/ollirehn/status/1615345179531284483