Navigating Monetary Policy Post-Crisis

This chapter examines the evolving monetary policy landscape in response to the economic turmoil of 2020, focusing on the intricate balance between monetary and fiscal strategies. It highlights the challenges faced by central banks in achieving inflation targets while addressing historical low unemployment rates, and the urgent need for innovative approaches in economic governance. The discussion also explores the state of European recovery, the role of the ECB, and the importance of careful fiscal management amidst unprecedented challenges.