Ecco il video dell'incontro in Bocconi, pubblico numeroso e attento, chapeau.
The European Economic Constitution (the facto, I am not concerned with the legal aspects)
• Traditional targets of economic policy: full employment and price stability (and the equilibrium of the balance of payments)
• Traditional (macroeconomic) instruments: monetary policy, fiscal policy (and exchange rate policy)
• Assignment of instruments to objectives in the European economic and monetary union (EMU)
• Monetary policy (independent CB) à price stability
• Fiscal policy à neutral (or restrictive bias)
• National reforms/competition à full employment