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Fiscal Transfers by the ECB Within Euroland

EPISODE · Dec 15, 2025 · 53 MIN

Fiscal Transfers by the ECB Within Euroland

from Inglorious Globastards - PODCAST · host Alberto Forchielli & Fabio Scacciavillani

Monetary and fiscal policy are strictly related. But within the euro area monetarypolicy has unexpectedly led to huge and surreptitious fiscal trasfers via Target 2 and the commercial bank reserves. Professor Hanno Lusting from Stanford University with a team of economists has highlighted and calculated the magnitude of these transfers. In this episode we discuss with him the economic and political implications.Diventa un supporter di questo podcast: https://www.spreaker.com/podcast/inglorious-globastards-podcast--4600745/support.

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Fiscal Transfers by the ECB Within Euroland

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