(2022), “Monetary policy strategies in a low interest rate environment for the euro area”, forthcoming), a large scale BVAR including both macro and financial variables (as in Rostagno, M., Altavilla, C., Carboni, G., Lemke, W., Motto, R. and Saint Guilhem, A. (2021)), as well as the standard projection-based tools. 17.
Such costs must be weighed against any perceived benefits of such burdens. Brynjolfsson and McAfee are very optimistic about the future. They believe that we are at an inflection point and that a substantial period of more robust economic growth awaits us in the not-too-distant future.