Sixth ECB biennial conference on “Fiscal Policy and EMU Governance” – Dinner speech

The European Central Bank organised its sixth biennial conference on Fiscal Policy and EMU Governance, which took place in Frankfurt on 18-19 December 2023.

In view of the Covid-19 crisis, the war in Ukraine and its economic consequences, and the current situation of high inflation, the role of fiscal policy for stabilisation and its effects on inflation are matters of interest for both academics and policymakers. The aim of this conference is to explore these issues, including the interaction of fiscal and monetary policy, fiscal policy implications of monetary policy normalisation, and risk-sharing arrangements and private/public balance sheet developments in monetary unions.

Dinner speech
Vítor Gaspar, Director of the Fiscal Affairs Department, International Monetary Fund