ECB strategic review: What should its scope entail?

The ECB has announced that it will carry out a strategic review of its policy. What should it s scope entail ? The inflation target . S hould it be changed? It may be very difficult to change it in one direction or the other; Financial stability (debt, asset prices). There is currently a real estate bubble, which shows that macroprudential policies are not correcting the effects of the highly expansionary monetary policy; Coordination between monetary and fiscal policy. The official theory is that monetary policy is highly expansionary because fiscal policy is not expansionary enough. In reality, however, monetary policy must remain highly expansionary to ensure the euro-zone countries’ fiscal solvency . M oreover, few countries have fiscal leeway; Have the dangers of very low interest rates (problems for life insurers, real estate bubble, weakening of banks, capital outflows, shift of savings into money, etc.) been sufficiently taken into account? New monetary policy instruments: what more could the ECB do if the situation of the euro-zone economy deteriorated? Use helicopter money? Buy risky assets? This would all be difficult; Democracy and the scope of the mandate: what can the ECB do without encroaching on the domain of governments and parliaments (interfere with fiscal policy ? C hange borrowing costs for some borrowers but not others , which it already does? Promote green finance? Issue helicopter money?).