Difficult to calibrate monetary policies: Top economist
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Difficult to calibrate monetary policies: Top economist

Athanasios Orphanides, professor at MIT Sloan School of Management and former ECB governing Council member, says the ECB is "the most independent central bank in the world", and discusses how difficult it is to calibrate monetary policy when interest rates are close to zero.
04:02
Tue, Nov 11 201411:10 AM EST