Our paper aims to analyze Mario Draghi’s famous statement, the “whatever it takes”, as a mechanism that preserves the common good of financial stability and facilitates debt control in the peripheral countries. Although we consider decentralized fiscal policies, a more conservative policy stance is achieved under “whatever it takes” than under an inflation targeting regime.
’Whatever it takes’: A plea for active monetary policies / Canofari, Paolo; di bartolomeo, Giovanni; Messori, Marcello. - In: ECONOMICS LETTERS. - ISSN 0165-1765. - 208:(2021), pp. 1-3. [10.1016/j.econlet.2021.110060]
’Whatever it takes’: A plea for active monetary policies
canofari paolo;messori marcello
2021
Abstract
Our paper aims to analyze Mario Draghi’s famous statement, the “whatever it takes”, as a mechanism that preserves the common good of financial stability and facilitates debt control in the peripheral countries. Although we consider decentralized fiscal policies, a more conservative policy stance is achieved under “whatever it takes” than under an inflation targeting regime.
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