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.
2021
Euro break-up, Financial stability, Global public good, EMU’s institutions
’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]
File in questo prodotto:
File Dimensione Formato  
-Whatever-it-takes---A-plea-for-active-monetary-polici_2021_Economics-Letter.pdf

Solo gestori archivio

Tipologia: Versione dell'editore
Licenza: Tutti i diritti riservati
Dimensione 371.53 kB
Formato Adobe PDF
371.53 kB Adobe PDF   Visualizza/Apri
Pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11385/212723
Citazioni
  • Scopus 1
  • ???jsp.display-item.citation.isi??? 1
  • OpenAlex ND
social impact