Zugzwang central banking (ECB edition)
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ECB may need big rates hikes beyond March, steeper QT from July, Nagel says
Chartbook #151: Zugzwang - are we on the brink of a central banking paradigm shift?
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ECB must resist urge to cut rates early, Bundesbank chief says
On the effectiveness of the European Central Bank's conventional and unconventional policies under uncertainty - ScienceDirect
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Standard Chartered Jersey – Market Outlook
On the effectiveness of the European Central Bank's conventional and unconventional policies under uncertainty - ScienceDirect
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EU Law Analysis: The European Central Bank – judicial review of monetary policy and banking supervision
Adam Tooze on X: Zugzwang is the German word for a situation in chess (and life) in which a move must be made, but each possible one will make the situation worse.
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