Mário Centeno on monetary-fiscal interaction in the eurozone
Bank of Portugal governor says ECB is not being overrun by former finance ministers, must improve the definition of its inflation target, and has no need for YCC
You started as an economist at Bank of Portugal, then transitioned to become finance minister in 2015 and president of the Eurogroup in 2018. Last year, you returned to monetary policy as governor. What have you learned about monetary-fiscal interaction in the eurozone from the sovereign-debt crisis and Covid-19?
We have different instruments for fiscal and monetary policy. But our common goal is not that different. I was trained at Harvard as a microeconomist, and I always see economics
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