ECB Should Consider Having a Mid-Term Inflation Target, Economist Says

The transcript discusses Mario Draghi's tenure at the ECB, highlighting his role in rescuing the euro and the criticisms of his super expansionary policy. It explores expectations for Christine Lagarde's leadership, including potential policy reviews and inflation targets. The discussion also covers Germany's fiscal policy stance and its reluctance to open fiscal taps despite economic slowdown.

What changes are suggested for the ECB's inflation targeting approach?

What are the potential negative side effects of the current monetary policy?