- I strongly believe that monetary policy isn't behind the curve
- There's a clear an unexpected supply shock from the Ukraine war
- There are good reasons to believe inflation will progressively converge to 2%
- Administered prices for a short period would not be a bad idea
- ECB projections are already obsolete
- Outlook has severely worsened since the projections' cut-off date
I get more bearish on the long-term future of Europe by the day. High inflation there would doom fiscal budgets in the Eurozone.
I can't believe this guy is talking saying they're not behind the curve and talking about price controls at the same time.
