José Manuel González-Páramo - Monetary and fiscal policies in times of crisis

19 September 2011

In a speech at the Monetary and Fiscal Policies Network (MONFISPOL) conference, González-Páramo, Member of the ECB's Executive Board, discussed the challenges that the current crisis has posed to policymakers and central banks in particular.

First, González-Páramo gave a brief account of the origins and evolution of the crisis, of the policy interventions and of what he thinks needs to be done in order to prevent the repetition of such events. He then concluded by highlighting some of the issues that he thinks should be among the priorities in MONFISPOL’sresearch agenda.

Speech content:

• The unfolding of the crisis
  • The situation before the eruption of the crisis
  • From US sub-prime turmoil to the global financial crisis
  • From the financial to the sovereign debt crisis
  • Lessons to be learned
• Fiscal and monetary policy in the euro area: need for tighter governance
• Priorities for the academic research agenda

Full speech

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