Governments can help to minimise the "shocks" hitting the economy by changing fiscal policy in a gradual and well-signalled way, so that monetary policy is not caught off-guard by a sudden shift in demand emanating from public sector policy choices.
Peter Praet: Interview in Les Echos Interview with Mr Peter Praet, Member of the Executive Board of the European Central Bank, in Les Echos, conducted by Ms Isabelle Couet and Ms Catherine Chatignoux on 25 September 2017 and published on 29 September 2017. * * *  The German election is over.