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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:

The evolution of monetary policy since the 1970s
Is there a limit to the size of central bank’s balance sheet?
How low inflation accelerated ECB QE
Why central banks cannot control inflation perfectly
Does the ECB target the euro
Views on the Fed’s new average inflation target and whether ECB will follow
Why QE and loose fiscal policy is not MMT
Should central banks target income inequality
How the ECB can support climate change policies
Why fiscal policy is needed more than monetary policy
And Twitter footnote: Europe’s two downside risks – delays in recovery fund disbursements and credit supply issues.


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