Hatzius: Unclear What ECB Does Beyond September 2018

The transcript discusses the positioning of investors and the market outlook beyond September 2018, highlighting the uncertainty and potential for further extension. It examines the impact of central bank demand on assets, particularly in the euro area, and the gradual process involved. The conversation also touches on the scrutiny of the ECB's balance sheet by bond fund managers and the importance of forward guidance and quantitative easing in stimulating the euro area economy, with a focus on macroeconomic factors.

What impact does the positioning of investors have on the bond market?

What does the speaker mean by saying the environment will not be as favorable?

What are the expectations regarding the central bank demand for assets in the future?

What is the significance of the ECB's balance sheet according to bond fund managers?

How has Mario Draghi influenced the euro area economy?