Bundesbank's Remsperger on macroeconomic risks

In the speech 'Macroeconomic risk and policy responses' given on 27 May Hermann Remsperger of the Deutsche Bundesbank said few central bankers would dispute the need to firmly anchor long-run inflation expectations at a low level. However, there may be different ways to achieve this aim.

"For instance, the ECB is not known for responding aggressively to short-run fluctuations of inflation around target. Instead, it relies on a clear definition of its ultimate objective, an explicit medium-term

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