And our policy has been very beneficial for Germany as well. The German institutions themselves have given Mario Draghi an award for his work and dedication. The ECB is assessing what role it should play in the fight against climate change, and there’s even speculation about green criteria for debt purchases. Your thoughts? Environmental sustainability is an opportunity to channel investment in Europe.
But the long-run sustainable unemployment rate can drift over time because of demographic changes and other factors, some of which can be difficult to quantify--or even identify--in real time. 8 For these and other reasons, the statistical precision of such estimates is limited, and the actual value of the sustainable rate could well be noticeably lower than currently projected.