“Policy models cannot be expected to have the same tight structure as theory models. […] Different classes of macro models are needed for different tasks.” (Olivier Blanchard) During the Annual Research Conference organised by the ECB on the 25th and 26th of September 2017, Vítor Constâncio, Vice-President of the ECB, held the opening speech. The meeting, […]
“Every study on inequality, of course, challenges the structures not only of the economy but also of the world we live in, and these questions are not always welcome. […] the main idea is that we have a perfect system and it should not be questioned.” (Branko Milanovic) The world has experienced a deep change […]
“Based on our regular economic and monetary analyses, we today conducted a comprehensive assessment of the economic and inflation outlook and our monetary policy stance.” (Mario Draghi) During the press conference of 8th December 2016, the President of the ECB (European Central Bank) Mario Draghi, together with the Vice-president Vítor Constâncio, presented a series of […]
“In the interest of the Greek people, we need to bring these negotiations to a speedy conclusion”. The managing director of the International Monetary Fund (IMF), Christine Lagarde, addressed these words to Alexis Tsipras, the Greek Prime minister, on April 3rd, in order to avoid another Grexit case. Since the referendum of the 5th of […]
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