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Former ECB Chief Economist Peter Praet on What's Next For Central Banks

Odd Lots

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Navigating Economic Recovery Post-COVID

This chapter explores the long-term economic challenges posed by prolonged shutdowns, highlighting the concept of hysteresis and its impact on productivity. It discusses the delicate balance between aggressive fiscal policies and public finance sustainability as Europe attempts recovery. The chapter also emphasizes the need for structural reforms and a proactive approach from central banks to address rising interest rates and foster sustainable growth.

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