The Price of War | Fiscal Policy and EMU Governance Conference 2025

Source: European Central Bank (video statements)

Session 4 on geopolitical tensions and fiscal implications of war on the second 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.

Chair: Era Dabla-Norris, International Monetary Fund

The price of war
Jonathan Federle, Kiel Institute for the World Economy, together with André Meier, Gernot Müller, Moritz Schularick
Discussant: João Monteiro, Einaudi Institute for Economics and Finance

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=zax1kckStyc