ecb.forumcentbankpub2024 Hatzius presentation.en

front_matter

Open slide detailBeat · Setup

The slide combines a bar chart showing projected tariff impacts and a line chart showing historical effective tariff rates.quantify_impact

Open slide detailBeat · Impact Sizing

The chart uses a waterfall structure to show the additive and subtractive effects of tariff-related economic factors on price levels.quantify_impact

Open slide detailBeat · Financial AnalysisLoop · Cost Of Inaction

The chart uses a waterfall structure to decompose the total GDP impact into Real Income Hit, Tax Offset, Trade Policy Uncertainty, and Net Trade Effect.quantify_impact

Open slide detailBeat · Financial AnalysisLoop · Cost Of Inaction

Values normalized by variance from 2010-present and indexed to 2010-2016 average.analyze_data

Open slide detailBeat · Industry TrendsLoop · Quick Win Big Bet

The chart shows that the Euro Area is significantly more sensitive to trade policy uncertainty than the US, with an average GDP hit of -0.9pp compared to -0.3ppquantify_impact

Open slide detailBeat · Impact SizingLoop · Quick Win Big Bet

The chart uses a stacked bar approach to show components of the Taylor Rule response, with a diamond marker for the total net effect.analyze_data

Open slide detailBeat · Financial Analysis