Brussels Lecture: Yves Mersch
Title: Monetary Policy in the Euro Area: Scope, Principles and Limits
Speaker: Yves Mersch (Member of the Executive Board of the European Central Bank)
Moderator: Hans-Helmut Kotz (SAFE Policy Center und Harvard University)
In recent months, the ECB's monetary policy has become the subject of heightened scrutiny and an intense public debate. Some hold that monetary policy is faced with a scarcity of instruments; others argue that the ECB is stretching its mandate, deploying its monetary tools arbitrarily as well as inappropriately. Yves Mersch, Member of the ECB’s Executive Board, will address issues around the ECB's choice of instruments - as well as the binding boundaries of its policy, as defined by the Eurosystem's legal framework. Hans-Helmut Kotz will moderate the ensuing debate with the audience.
Yves Mersch has been a Member of the Executive Board of the European Central Bank since 2012. In 2015, Mr. Mersch also became a Member of the Central Bank Governance Group at the Bank for International Settlements. Before his appointment to the ECB, he was Governor of the Banque Centrale du Luxembourg. Mersch has been a Member of the Governing Council and the General Council of the ECB since its creation, which makes him the longest-serving member of these decision-making bodies. After obtaining post-graduate degrees in international public law and political science, Mersch started his career at the Luxembourg Ministry of Finance. As Personal Representative of the Minister of Finance, Mersch contributed to the design of the Maastricht Treaty.