Lagarde Says Yearlong ECB Review to Look at ‘Host of Issues’

The video discusses a comprehensive communication strategy that involves delivering, measuring, and using tools effectively. It emphasizes the importance of listening to stakeholders to understand economic concerns and deliver on them. The strategy will involve researchers, economists, and academics, with events planned for 2020. The approach will differ from the Fed's by considering the diverse languages of 19 Member States, involving national central banks as active participants.

What is the main focus of the comprehensive communication strategy discussed in the first section?

• Improving technology infrastructure

• Enhancing decision-making and stakeholder engagement

• Increasing financial investments

• Reducing operational costs

In the second section, what is emphasized as crucial for understanding economic concerns?

• Increasing tax rates

• Implementing new policies

• Consulting with top-notch economists and researchers

• Listening to public opinions

What is the primary task mentioned in the second section regarding the use of insights from economists?

• To harness them at various events

• To ignore them

• To use them for marketing

• To publish them in journals

According to the third section, why is it important to adapt communication to different languages?

• To reduce translation costs

• To comply with legal requirements

• To reach out to people effectively

• To increase sales

What role do national central banks play in the process described in the third section?

• They are passive observers

• They are active participants

• They are external consultants

• They are financial sponsors