In relation to this, the possibilities of a decline in the potential growth rate and of a rise in the natural unemployment rate, for example, have recently become a hot topic of discussion in the United States and other major advanced economies.
I believe that more attention should be paid to the inter-temporal dimension of this kind of policy. It is aimed at improving the situation in the short run, while disregarding completely the risks of triggering new imbalances in the future. Ignoring this inter-temporal dimension may also weigh negatively on the credibility of public institutions.