During Mario Draghi’s recent visit to the Harvard Kennedy School, the impact of the US shutdown, the Fed’s approach to tapering, and Europe’s fragile recovery all featured in discussions with faculty and students. Below are the key points to emerge from the conversation.
Non standard monetary policy, European integration, and lessons learned from the financial crisis were some of the topics of the conversation with Jean-Claude Trichet organized by Marco Magnani, Senior Fellow at Harvard University.
In principle everybody agrees on the action points and on the suggested goals. But many of the goals will require a long time to be achieved and will involve a painful adjustment for some of the parties involved in the process. There is a timing element and an adjustment one to keep in mind. This is the case with goals such as solving the sovereign debt crisis, implementing structural reforms in certain countries, find new sources for growth, secure a sustainable, balanced and inclusive growth.
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