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The interaction between monetary and fiscal policies in the pandemic crisis and beyond

· Ignazio Visco, Governor of the Banca d'Italia (Italy)

Summary written by Dark Majestic in its own words · topics: public finances and debt

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· Ignazio Visco Wiki · Banca d'Italia WikiThe interaction between monetary and fiscal policies in the pandemic crisis and beyond

ContextRemarks at the ECB and Its Watchers conference; the Bank of Italy safeguards price stability and studies how monetary and fiscal policy interact.

Why it mattersVisco compares US and European policy mixes during the pandemic.

Problems raised
  1. US fiscal policy was very bold.
  2. Policy mixes differ.
  3. Russia's invasion changes the outlook.
Solutions proposed
  1. Coordinate monetary and fiscal policy.
  2. Adapt the policy mix.
  3. Monitor debt levels.
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