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Latest / Macro Hive Conversations With Bilal Hafeez

Vitor Constancio On ECB Inflation Targeting, Monetary Policy Limits And Europe Risks

Vitor was the Vice President of the ECB until a few years ago. And before that held numerous high-profile roles including being Portugal's finance minister, the central bank governor of Portugal and negotiating the entry of Portugal into the EEC – the forerunner to the EU. Vitor is currently President of the Council of ISEG at the University of Lisbon and a Professor at the Navarra University in Madrid.. In this podcast we discuss:

The evolution of monetary policy since the 1970s

Is there a limit to the size of central bank's balance sheet?

How low inflation accelerated ECB QE

Why central…

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