Draghi Says Monetary Policy Should Not Be Overburdened

The transcript discusses the importance of not overburdening current tasks while emphasizing the significance of innovation in productivity and growth. It highlights the decline in productivity over the past 15 years and anticipates improvement as the eurozone economy enters an upswing. The text also notes a recent increase in private investment and expects cyclical productivity improvements. Structural challenges related to innovation diffusion and human capital investment are also addressed.

Why is innovation considered crucial in the context of monetary policy?

• It helps in reducing inflation.

• It is essential for productivity and growth.

• It stabilizes currency exchange rates.

• It decreases government spending.

What has been the trend in productivity over the last 15 years?

• It has remained stable.

• It has shown unpredictable fluctuations.

• It has been consistently increasing.

• It has been declining.

What is expected to happen to productivity as the eurozone economy improves?

• It will decline further.

• It will remain unchanged.

• It will show cyclical improvement.

• It will become unpredictable.

What are the structural challenges related to innovation?

• Limited access to technology.

• High taxation rates.

• Diffusion of innovation and investment in human capital.

• Lack of government policies.

Which policies are crucial for fostering innovation?

• Policies that invest in human capital.

• Policies that limit foreign investments.

• Policies that increase import tariffs.

• Policies that reduce interest rates.