· Ignazio Visco Wiki · Banca d'Italia WikiInflation expectations and monetary policy in the euro area
Read full speech on bis.org ↗ContextText of the Robert Mundell Distinguished Address by Ignazio Visco, Governor of the Bank of Italy, at the 95th International Atlantic Economic Conference, Rome, 23 March 2023.
Why it mattersVisco warns about wage-price spiral risks and high public debt.
Problems raised
- Inflation expectations are in the spotlight.
- Wage-price spiral risk exists.
- Public debt burdens future generations.
Solutions proposed
- Anchor inflation expectations.
- Target and time-limit fiscal measures.
- Reduce public debt progressively.