Washington: Board of Governors of the Federal Reserve System, June, https://www.federalreserve.gov/econres/feds/files/2017071pap.pdf. Campbell, Jeffrey R., Charles L. Evans, Jonas D.M. Fisher, and Alejandro Justiniano (2012). “Macroeconomic Effects of Federal Reserve Forward Guidance,” Brookings Papers on Economic Activity, Spring, pp. 1-80, https://www.brookings.edu/wp-content/uploads/2012/03/2012a_Evans.pdf. Campbell, Jeffrey R., Jonas D.M. Fisher, Alejandro Justiniano, and Leonardo Melosi (2017).
Our methods of advancing European integration have so far not been sufficient to foster such a consensus – hence we need a Lamfalussy moment and a shifting of gears. This would mean putting the debate on European integration back where it belongs – in the political arena.