It’s a fiction that monetary and fiscal policy are separate. The European Central Bank’s mandate should be enlarged to co-ordinate them in a new way.
Benjamin Braun, Daniela Gabor and Benjamin Lemoine
Benjamin Braun is a senior researcher at the Max Planck Institute for the Study of Societies and currently a member of the Institute for Advanced Study in Princeton. Daniela Gabor is professor of economics and macro-finance at University of the West of England, Bristol. She works on central banking in crisis, on (shadow) banking reform and critical macro-finance. Benjamin Lemoine is a Centre National de la recherche scientifique researcher at the Institut de recherche interdisciplinaire en sciences sociales, Université Paris Dauphine. He is also a member of the Institute for Advanced Study in Princeton.