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As Lagarde's name is mentioned for the ECB's presidency, and given that she is not a monetary expert or has no CB experience, it is interesting to know what she thinks/knows about monetary policy. So far I have only found the following speech from 2013: kansascityfed.org/publicat/sympo…
What is in this speech reflects mainstream (IMF) views on monetary policy: unconventional tools have been very useful, even if they could have some financial stability side effects in the long run
And this speech from September 2012 (not especially on monetary policy imf.org/en/News/Articl…) suggests that she is supportive of the ECB's OMT programme (which is crucial in my view)
More generally on the Eurozone (see eg imf.org/en/News/Articl…), as the IMF, she seems to be in favor of 1) completing the banking union, 2) building a capital market union, 3) having a central fiscal capacity to deal with shocks
And she understands that the ECB president "job is one of the most difficult" ;-) and supported Draghi and the his colleagues when QE was launched in 2015 (see: imf.org/en/News/Articl…)
Also some reflections on the evolving mandate of CBs and their role to maintain financial stability: imf.org/en/News/Articl…
Overall, looking at her speeches mentioning the ECB (imf.org/en/News/Search…) her views appear to be mainstream, and to reflect broadly the IMF views on the EZ/ECB: There is no (frightening) indication that she would bring the ECB in a radically different direction than Draghi
