• Preference for EU Supranational Bonds:

    • Elderson emphasizes that when there's no clear monetary policy reason to prefer domestic sovereign bonds, the ECB should think about increasing the share of EU supranational bonds.

  • Reconsidering Targeted Longer-Term Refinancing Operations (TLTROs) for Banks:

    • Elderson suggests that if there's a future monetary policy need to reconsider TLTROs for banks, there are strong reasons to seriously think about integrating environmental sustainability aspects into these operations ("greening" them).