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But we saved everything 🙂.
Hanno Lustig highlights that economists are generally trained to believe central banks succeed when they remain independent and maintain a narrowly focused mandate.
He points to discussion at Hoover's recent monetary policy conference, referencing a view shared by another participant, to illustrate lessons from the Eurozone that question this standard belief.
Lustig has recently addressed related topics in other appearances. In a Monetary Matters Podcast, he discussed low interest rate policies and financial repression in Japan and globally. The discussion focused on monetary policy approaches outside the United States.