Mario Draghi, at the NABE 2024 conference, emphasizes the need for coordinated monetary and fiscal policies to address supply shocks, inflation volatility, and climate change. Draghi stresses the importance of smart investments to mitigate climate impact and calls for inclusive democracy. He highlights the challenges of building capital faster than it is destroyed in a world facing shocks from wars and climate change. Draghi, winner of the 2024 Volcker Award, is recognized for his leadership in guiding Italy through COVID, advocating for a Eurozone fiscal union, and addressing climate change.
Great honor and pleasure to meet Mario Draghi at the @nabe_econ 40th Economic Policy Conference https://t.co/QqBPWGS1u2
Mario Draghi, winner of the 2024 Volcker Award w/ his adoring NABE fans. He’s not stopping w/ “whatever it takes” as a central banker, or guiding Italy thru COVID, he is working toward a Eurozone fiscal union & tackling climate change—a great leader #NABE2024 @DianeSwonk https://t.co/Z4DmmGfLJ9
Honor to meet Mario Draghi with NABE leadership. President Ellen Zetner Morgan Stanley Past President @jc_econ Honorable Mario Draghi Board Member Elaine Buckberg Harvard Board Member Yael Selfin @kpmguk https://t.co/efjy4R6Agm
Draghi: “Democracy & freedom didn’t flow as freely across borders as goods” w/ many left behind by globalization “Policy independence doesn’t mean separation” arguing for joint efforts of fiscal authorities & central banks to combat frequent supply shocks & inflation volatility https://t.co/68oPYHTqS4
Mario Draghi underscores the need to build capital faster than it is destroyed in a world with more shocks due to wars and climate change. Now add the challenge of growing in a fiscally sustainable way - understatement.
Mario Draghi not shying away from the moment we find ourselves in—climate change is an existential threat that will require more monetary and fiscal policy coordination while preserving independence. Democracy must be protected but become more inclusive #NABE2024 @nabe_econ https://t.co/bcNKntoHjX
Like @CLMannEcon said earlier this morning, Frequent, lumpier and larger supply shocks from geopolitics and climate shocks as well as from our policy responses will impact prices. However Draghi believes fiscal firepower needs to direct smart investment to mitigate climate. https://t.co/c5eR1HoxSZ