Maria Teresa Valderrama, Austrian Central Bank: "Productivity and the ECB's monetary policy strategy review"

Maria Teresa Valderrama discusses the possible positive and negative effects of monetary policy on productivity developments. This research was part of the discussion about the new ECB monetary strategy release in July 2021. In its new strategy, the ECB responds to the growing concerns that a protracted period of very low or even negative interest rates, could have unintended side effects.

The discussion will also touch upon the strategy review process and its main results.