More than 12 projects have already been carried out since the MoU was signed in 2015, and the list of projects in the pipeline is very long. Last but not least, Dr Rennert’s profound expertise on macroeconomic and political developments in the region has helped shape opinion at the highest echelons of the Bundesbank.
Indeed, Svensson has characterized many central banks as now operating under "flexible" inflation-targeting regimes, where the flexibility allows them in practice to take account of smoothing output relative to full employment, perhaps making such regimes observationally equivalent to those operating under an explicitly dual mandate. Is this true?