Isabel Schnabel on the ECB and its New Operational Framework
Macro Musings with David Beckworth
00:00
Central Bank Asset Purchases and Operational Framework
Exploring the contrasting views on assets central banks should purchase, the chapter compares US-UK focus on government securities to the diverse German asset approach. It analyzes Euro area challenges, the rationale for asset program diversification, and the role of Teltros in facilitating bank lending amidst crises. It also delves into ECB's operational framework, forward guidance importance, balance sheet normalization, and the commitment to review and adapt the framework.
Transcript
Play full episode
