Vitor was the Vice President of the ECB until a few years ago. And before that held numerous high-profile roles including being Portugal’s finance minister, the central bank governor of Portugal and negotiating the entry of Portugal into the EEC – the forerunner to the EU. Vitor is currently President of the Council of ISEG at the University of Lisbon and a Professor at the Navarra University in Madrid. In this podcast we discuss:
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The evolution of monetary policy since the 1970s
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Is there a limit to the size of central bank’s balance sheet?
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How low inflation accelerated ECB QE
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Why central banks cannot control inflation perfectly
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Does the ECB target the euro
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Views on the Fed’s new average inflation target and whether ECB will follow
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Why QE and loose fiscal policy is not MMT
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Should central banks target income inequality
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How the ECB can support climate change policies
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Why fiscal policy is needed more than monetary policy
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And Twitter footnote: Europe’s two downside risks – delays in recovery fund disbursements and credit supply issues.
You can follow Vitor Constancio on Twitter or on his blog.
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(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)