Zingales Says Trade Tensions Put ECB in a Hard Position

The video discusses the European Central Bank's (ECB) approach to interest rates, highlighting Mario Draghi's cautious stance and the potential impact of global economic factors. It explores the limits of central banks' control over economic conditions, emphasizing the influence of political and trade issues. The video also covers insights from economic conferences, focusing on the Phillips curve and its relevance to house prices and wages.

What approach does Mario Draghi take towards potential interest rate hikes?

• Aggressive and immediate

• Cautious and patient

• Indifferent and passive

• Unpredictable and erratic

What are some factors that the ECB cannot control, according to the discussion?

• Monetary policy

• Inflation

• Political issues and trade

• Interest rates

What is a significant concern for the ECB in the global economic context?

• Rising inflation

• Technological advancements

• International trade issues

• Decreasing oil prices

What did the conference in Portugal reveal about the Phillips Curve?

• It is evident in both wages and house prices

• It has disappeared completely

• It is only evident in house prices

• It is strongly evident in wage trends

What is a possible reason for the lack of wage increases, as discussed in the conference?

• Strong economic growth

• Excessive government intervention

• High inflation rates

• Lack of labor power