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October 03, 2021
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Posted by NCID

Mirko Abbritti, Resident Fellow at the Navarra Center for International Development, has been one of the experts who participated in the review of the European Central Bank's monetary policy strategy. The last time that a review was carried out was in 2003 and the new strategy, approved at the beginning of July 2021, has thirteen different lines of work focused on relevant issues such as climate change, digitalization or inflation.

The changes produced after the 2008 financial crisis, the 2012 European debt crisis and the recent health crisis with its economic consequences have led the European Central Bank to adopt a new strategy that, in general terms, broadens the range of inflation oscillation and is committed to continue with asset purchases. This strategy will be in force at least until 2025, when it will be reviewed again.

Researcher Abbritti's work has contributed on issues such as the need for an inflation buffer, the ECB's prices stability, the relationship between the labor market and digitalization or employment and monetary policy in the Eurozone.

Professor Abbritti will also participate alongside Agostino Consolo of the European Central Bank and Sebastian Weber of the International Monetary Fund in a conference on inflation organized by the Federal Reserve Bank of Cleveland and the European Central Bank on October 7-8, 2021. Specifically, their presentation will deal with optimal inflation in a model with endogenous growth and wage rigidities. 

Mirko Abbritti holds a PhD in International Economics from The Graduate Institute, Geneva (2010), has been a consultant to the ECB and an expert at the Swiss State Secretariat for Economic Affairs, as well as at the Graduate Institute's Bilateral Assistance and Capacity Building for Central Banks. Currently, his main research interests are international macroeconomics, finance and labor economics.