Se tiri troppo la corda, rischi che prima o poi si spezzi! "In many countries, policy rates, nominal and real, were historically low for a prolonged period and central bank balance sheets surged to levels never seen in peacetime. At the same time, persistent and large fiscal deficits led to a progressive increase in public debt to unprecedented levels. The current tensions can be seen as a symptom that the two policies were testing the boundaries of what might be called the “region of stability”...The ultimate risk of drifting outside the region is a loss of the trust that society must have in the state and in its decision‑making."