What the ECB Can Do Beyond a Rate Cut for Coronavirus Stimulus

The video discusses the ineffectiveness of interest rate cuts in addressing health crises, emphasizing the need for alternative economic policies. It highlights the use of dual interest rates and the TFs scheme by the Bank of England to support SMEs. The video also suggests capping bond yields to aid fiscal policies, drawing lessons from global examples.

What role do guarantees for SMEs play in the economic strategy discussed?

What recommendations does the speaker make regarding bond yields and fiscal rules?