Fiscal Stagnation | Fiscal Policy and EMU Governance Conference 2025

Source: European Central Bank (video statements)

Session 1 on fiscal stagnation and sovereign risk on the first day of the Fiscal Policy and Economic and Monetary Union (EMU) Governance conference. The conference is co-organised by the ECB and Fiscal Affairs Department of the IMF.

Session chair: Oscar Arce, European Central Bank

Fiscal stagnation
Luca Fornaro, Centre de Recerca en Economia Internacional (CREI), together with Martin Wolf
Discussant: Xavier Debrun, Nationale Bank van Belgiƫ/Banque Nationale de Belgique

Watch all sessions from the conference: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkp656i2hu_0dlpMBaQfGh0

Conference programme:
https://www.ecb.europa.eu/press/conferences/html/20251031_fiscal_policy_conference.en.html

https://www.youtube.com/watch?v=hJPnMTpsY28