I look forward to engaging with you and the public more broadly as I help to chart a course for the important work ahead. 1  The views I express here are my own and not necessarily those of the Board of Governors of the Federal Reserve System.
To answer such crucial questions, we would need to plug a political economy model into a rich description of the euro area economy and financial sector, disaggregated at country level. We don’t have this in our toolbox. Yet, exciting new work is already arriving – some of it presented here at this conference.