After a pandemic and an energy crisis, Europe is in a difficult spot. Despite some incipient recovery signs, growth has been weak, inflation remains too high, and financial stability risks have come to the fore. How can European policymakers simultaneously tame inflation, maintain financial stability and sustain economic growth? In particular, how should monetary policy be conducted in this type of environment?
On May 9th, we host a distinguished panel to discuss how to rise to this historic challenge. Alfred Kammer, the IMF’s European Department Director, gives a brief presentation of the IMF’s Regional Economic Outlook for Europe, delving into the prospects, risks, and appropriate responses from monetary, fiscal, financial and structural policies in both advanced and emerging European economies. Philip R. Lane, Member of the ECB Executive Board; Barnabas Virag, Deputy Governor of the Hungarian National Bank, and Veronika Grimm, a full professor at Friedrich-Alexander Universität Erlangen-Nürnberg offer their own perspectives, with Bloomberg’s Jana Randow moderating the discussion. Johannes Lindner, the Co-Director of Jacques Delors Center at the Hertie School provides the opening remarks.