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This must be the most comprehensive, fascinating review of the ECB’s foundations and policies that has ever been produced. It will take some time to digest indeed, but here are a few highlights on my side. (1/n)
The authors' broad framework is one of “two regimes”, helping to (re)think ECB policies and the effects of the debt/institutional crisis, in particular. (2/n)
I'll leave the foundations for another day, but it surely provides the starting point for the upcoming strategy review.
As for the future, well now there's a speech for that. (3/n)
As for the future, well now there's a speech for that. (3/n)
