The Ecb tapering between hawks and doves
A cautious path, the one chosen by Mario Draghi, and in the middle between those who would like a slow, delayed normalization, fearing a new wave of recession, and those who, on the contrary, believe that to convince the economy that the situation has returned normal monetary policy should normalize as quickly as possible. Draghi and the ECB, as the director of Bocconi's Department of Economics, Donato Masciandaro, explains in this video, have opted for the reduction of expansive monetary policy, but reserved themselves the right to reverse the course in the event of a change of economic conditions. A flexible rule that allows the ECB to deal with unexpected shocks