Thomas Mayer
Thomas Mayer
Thomas Mayerwas an American economist who was professor of economics at the University of California, Davis. He previously taught at West Virginia University, the University of Notre Dame, Michigan State University, and the University of California, Berkeley...
change good might next
The only good thing one can say is that this all might change by next year.
boost currency danger either extent maintain mandate point price stability
I don't think the ECB should go out of its way to boost the currency either verbally or through action. Their mandate is very clear, and that is to maintain price stability. To the extent that price stability is in danger they have already acted. There is no point in deviating from that strategy.
admitted believe bias implicitly low rates
He implicitly admitted that they have a bias for a tighter policy. They believe that rates are very low and need to be higher.
created depicted eagle fear german germany magazines ready
Before the election, some German magazines depicted Germany as an eagle ready to soar. I fear we've created an albatross.