Monetary dialogue
The transcripts of and other documents related to the Monetary Dialogues that have been taking place during 1999 - 2021 are available here.
Monetary Dialogue - 19 November 2020
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Transcript of the monetary dialogue with the ECB President DE (PDF - 162 KB) | EN (PDF - 145 KB) | FR (PDF - 163 KB)
- Programme of the Monetary Dialogue Preparatory Meeting (16 November 2020) (PDF - 161 KB)
- Executive summaries of the Monetary Dialogue papers (PDF - 338 KB)
- Link to the Monetary Dialogue Preparatory Meeting
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Topic 1 - Monetary-Fiscal Nexus After the Crisis
- COMPILATION OF PAPERS (PDF - 3 MB)
- Blurred Boundaries Between Monetary and Fiscal Policy ─ Salomon FIEDLER, Klaus-Jürgen GERN, Ulrich STOLZENBURG (Kiel Institute for the World Economy) (PDF - 811 KB)
- Monetary-Fiscal Interactions in the Euro Area: Assessing the Risks – Karl WHELAN (University College Dublin) (PDF - 788 KB)
- Rethinking Monetary and Fiscal Policy in the Post-COVID Euro Area – Luigi BONATTI, Andrea FRACASSO, Roberto TAMBORINI (University of Trento) (PDF - 570 KB)
- The Euro Area After COVID-19 – Charles WYPLOSZ (The Graduate Institute, Geneva) (PDF - 572 KB)
- COVID-19 and Economic Policy Toward the New Normal: A Monetary-Fiscal Nexus after the Crisis? – Thomas MARMEFELT (CASE – Center for Social and Economic Research; University of Södertörn) (PDF - 653 KB)
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Topic 2 - Effects of Pandemic-Induced Uncertainty on Monetary Policy
- COMPILATION OF PAPERS (PDF - 5 MB)
- Monetary Policy in the Time of COVID-19, or How Uncertainty is Here to Stay – Maria DEMERTZIS, Marta DOMINGUEZ-JIMENEZ (Bruegel) (PDF - 1 MB)
- Uncertainty and the Pandemic Shocks – Pierpaolo BENIGNO (University of Bern), Paolo CANOFARI (Università Politecnica delle Marche), Giovanni DI BARTOLOMEO (Sapienza Università di Roma), Marcello MESSORI (Luiss Guido Carli, Roma) (PDF - 1 MB)
- Uncertainty in the Euro Area During the First Wave of the COVID-19 Pandemic – Atanas PEKANOV, Stefan SCHIMAN (Austrian Institute of Economic Research – WIFO) (PDF - 686 KB)
- Uncertainty and Monetary Policy in the Euro Area – Christophe BLOT (Sciences Po – OFCE; Université Paris Nanterre), Paul HUBERT (Sciences Po – OFCE), Fabien LABONDANCE (Université de Bourgogne Franche-Comté) (PDF - 1 MB)
Monetary Dialogue - 28 September 2020
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Transcript of the monetary dialogue with the ECB President DE (PDF - 150 KB) | EN (PDF - 137 KB) | FR (PDF - 164 KB)
- Programme of the Monetary Dialogue Preparatory Meeting (PDF - 400 KB)
- Monetary Dialogue Preparatory Meeting video
- Executive summaries of the Monetary Dialogue papers (PDF - 571 KB)
- The ECB's Monetary Policy Response to the COVID-19 Crisis
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Topic 1 – Accountability Mechanisms of Major Central Banks and Possible Avenues to Improve the ECB's Accountability
- COMPILATION OF PAPERS (PDF - 2 MB)
- Accountability Mechanisms of the Bank of England and of the European Central Bank – Rosa M. LASTRA (Queen Mary University of London) (PDF - 742 KB)
- Independence with Weak Accountability: The Swiss Case – Charles WYPLOSZ (The Graduate Institute, Geneva) (PDF - 579 KB)
- How Can the European Parliament Better Oversee the European Central Bank? – Grégory CLAEYS, Marta DOMÍNGUEZ-JIMÉNEZ (Bruegel) (PDF - 506 KB)
- Accountability at the Fed and the ECB – Karl WHELAN (University College Dublin) (PDF - 486 KB)
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Topic 2 – The ECB's Asset Purchase Programmes: Experience and Future Perspectives
- COMPILATION OF PAPERS (PDF - 5 MB)
- Go Big or Go Home? The ECB’s Asset Purchase Programmes in Macroeconomic Perspective – Pierre L. SIKLOS (CASE - Center for Social and Economic Research; Wilfrid Laurier University; Balsillie School of International Affairs) (PDF - 988 KB)
- APP vs PEPP: Similar, But With Different Rationales – Christophe BLOT, Jérôme CREEL and Paul HUBERT (Sciences Po - OFCE) (PDF - 1 MB)
- COVID-19 and the Future of Quantitative Easing in the Euro Area: Three Scenarios with a Trilemma – Luigi BONATTI, Andrea FRACASSO, Roberto TAMBORINI (University of Trento) (PDF - 709 KB)
- The ECB’s Asset Purchase Programmes: Effectiveness, Risks, Alternatives – Joscha BECKMANN, Salomon FIEDLER, Klaus-Jürgen GERN, Stefan KOOTHS, Josefine QUAST, Maik WOLTERS (Kiel Institute for the World Economy) (PDF - 639 KB)
- This Time is Different: The PEPP Might Not Work in a Sectoral Recession – Angela CAPOLONGO, Daniel GROS (CEPS) (PDF - 517 KB)
- Theory, Evidence, and Risks of the ECB’s Asset Purchase Programme – Pierpaolo BENIGNO (Universitat Bern), Paolo CANOFARI (Università Politecnica delle Marche), Giovanni DI BARTOLOMEO (Sapienza Università di Roma), Marcello MESSORI (Luiss Guido Carli) (PDF - 845 KB)
Monetary Dialogue - 8 June 2020
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Transcript of the monetary dialogue with ECB President DE (PDF - 168 KB) | EN (PDF - 140 KB) | FR (PDF - 160 KB)
- Programme of the Monetary Dialogue Preparatory Meeting (PDF - 400 KB)
- Monetary Dialogue Preparatory Meeting video
- Executive summaries of the Monetary Dialogue papers (PDF - 2 MB)
- The ECB’s Monetary Policy Response to the COVID-19 Crisis – briefing paper, Policy Department for Economic, Scientific and Quality of Life Policies
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Topic 1 – The ECB's Mandate: Perspectives on General Economic Policies
- COMPILATION OF PAPERS (PDF - 5 MB)
- The ECB Mandate: Perspectives on Sustainability and Solidarity – Rosa M. LASTRA (Queen Mary University of London), Kern ALEXANDER (University of Zurich) (PDF - 566 KB)
- The ECB’s Mandate and Legal Constraints – Karl WHELAN (University College Dublin) (PDF - 675 KB)
- The Dimensions of Responsibility: Perspectives on the ECB’s Monetary Policy Mandate – Joseph E. GAGNON, Jacob F. KIRKEGAARD, David W. WILCOX, Christopher G. COLLINS (Peterson Institute for International Economics) (PDF - 469 KB)
- Setting New Priorities for the ECB’s Mandate – Christophe BLOT, Jérôme CREEL, Emmanuelle FAURE, Paul HUBERT (Sciences Po – OFCE) (PDF - 2 MB)
- The ECB in the COVID-19 Crisis: Whatever it Takes, Within its Mandate – Grégory CLAEYS (Bruegel) (PDF - 563 KB)
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Topic 2 – International Role of the Euro: A Monetary Policy View
- COMPILATION OF PAPERS (PDF - 3 MB)
- The International Role of the Euro: State of Play and Economic Significance – Joscha BECKMANN, Salomon FIEDLER, Klaus-Jürgen GERN, Josefin MEYER (Kiel Institute for the World Economy) (PDF - 572 KB)
- The Euro and the Geopolitics of Post-COVID-19 – Corrado MACCHIARELLI (London School of Economics and National Institute of Economic and Social Research) (PDF - 909 KB)
- Can the Euro Dethrone the US Dollar as the Dominant Global Currency? Not so Soon, if Ever – Marek DABROWSKI (CASE – Center for Social and Economic Research) (PDF - 1 MB)
- Global Currencies During a Crisis: Swap Line Use Reveals the Crucial Ones – Daniel GROS, Angela CAPOLONGO (CEPS) (PDF - 668 KB)
Monetary Dialogue - 6 February 2020
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Transcript of the monetary dialogue with ECB President DE (PDF - 161 KB) | EN (PDF - 145 KB) | FR (PDF - 169 KB)
- Executive summaries of the papers (PDF - 2 MB)
- Preparatory Meeting video
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Topic 1 - Financial Stability in the Euro Area: Assessment of Risks and Policy Options
- Compilation of papers (PDF - 3 MB)
- From Climate Change to Cyber-attacks: Incipient Financial Stability Risks for the Euro Area - Zsolt DARVAS, Marta DOMÍNGUEZ-JIMÉNEZ and Guntram B. WOLFF (Bruegel) (PDF - 591 KB)
- Financial Risks in Europe: The End of the Beginning - Christopher A. HARTWELL (CASE) (PDF - 815 KB)
- Financial Stability in the Euro Area - Salomon FIEDLER and Klaus-Jürgen GERN (Kiel Institute for the World Economy) (PDF - 565 KB)
- Financial Stability Risks and Policy Options - Christophe BLOT, Jérôme CREEL and Paul HUBERT (Sciences Po – OFCE) (PDF - 1 MB)
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Topic 2 - Walking the Thin Line: Central Bank Communication
- Compilation of papers (PDF - 2 MB)
- Reaching a Wider Audience: Is the ECB Trending? - Daniel GROS and Angela CAPOLONGO (CEPS) (PDF - 732 KB)
- The ECB’s Communication Strategy: Limits and Challenges After the Financial Crisis - Kerstin BERNOTH and Geraldine DANY-KNEDLIK (DIW Berlin) (PDF - 790 KB)
- Communication During Unconventional Times: The ECB’s Approach - Eddie GERBA (London School of Economics and Political Science) and Corrado MACCHIARELLI (National Institute of Economic and Social Research) (PDF - 944 KB)