Lagarde: Fiscal Measures Effective Against ECB Policy Side Effects

The transcript discusses the implications of prolonged accommodative measures, highlighting the risks and effects of low interest rates on savings, asset valuation, and house prices. It also covers the Governing Council's decision to introduce a new regime for bank reserves and emphasizes the role of fiscal and structural policies in boosting productivity and growth, especially in a low-interest environment.

Explain how job creation and wage income are influenced by economic measures.

What role do structural policies play in enhancing productivity and growth potential?