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How Central Banks Meet the Challenge of Low Inflation

Mario Draghi

Author(s): Mario Draghi, President, European Central Bank

Date published: Feb 2016

2016 SUERF Marjolin Lecture was delivered by Mario Draghi, President of the ECB, at the SUERF conference organised by the Deutsche Bundesbank and Stiftung Geld und Währung, Frankfurt, 4 February 2016, on "How central banks meet the challenge of low inflation"

In his capacity as President, Mario Draghi chairs the Executive Board, the Governing Council and General Council of the European Central Bank, and is also the Chair of the European Systemic Risk Board. He is also a member of the Board of Directors of the Bank for International Settlements. From 2006 to October 2011 he served as Governor of the Banca d’Italia. In April 2006 he was elected Chairman of the Financial Stability Forum (later the Financial Stability Board), and served in that function until November 2011. He graduated from the Sapienza University of Rome in 1970 and received his PhD in Economics from the Massachusetts Institute of Technology in 1977. Between 1975 and 1981, he was Professor of Economics at the universities of Trento, Padua and Venice, and from 1981 to 1991 he served as Professor of Economics at the University of Florence. Prior to taking the helm of the Banca d’Italia, he was Vice Chairman and Managing Director at Goldman Sachs International, and a member of the firm-wide Management Committee (2002-2005). He was Director General of the Italian Treasury (1991-2001), Chairman of the European Economic and Financial Committee (2000-2001), and Chairman of the OECD’s Working Party No 3 (1999-2001). In 1993 he was appointed Chairman of the Italian Committee for Privatisations and from 1984 to 1990 he was an Executive Director of the World Bank.

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