As a professor, I used to dig rather deeply into economic issues related to both international economics and monetary policy and shared the insights I gained with my students in lectures and seminars. As a policymaker, however, my public speeches now often focus on the outlook for current monetary policy in the Eurosystem.
Our inflation rate has been one and a quarter percent below the OECD median and our unemployment rate half a percent lower. But our per capita income has lagged behind and we’ve run large current account deficits.