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In this Faculti interview Richard Senner and I explain the main findings from our ECB working paper No. 2978 on macroeconomic models of #CBDC. We explain in particular why we believe that many assumptions taken in these models are not matching the plans of central banks and may undermine the relevance of the model predictions. Thank you to the Faculti team for their great work!
Ulrich Bindseil and Richard Senner European Central Bank review recent macroeconomic approaches to retail central bank digital currencies (CBDCs), highlighting a disconnect between theoretical models and the practical, conservative issuance plans of central banks ➡️ https://lnkd.in/e6BEuUan #economics #macroeconomics #CBDC