MORSE BLOG ANDREA VISMARA.pdf
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… around 9 AM, greeted by the towering building that represents stability across Europe. Figure 1: the ECB The Simulation: Stepping Into the Shoes of Policymakers Once we cleared security, our first stop was a simulation of an EU council meeting. But this wasn’t just a typical role-play. We were about to get a taste of what it’s like to make decisions that affect the entire European economy. It kicked off with a speech from the ECB’s chief economist, Philip Richard Lane, who gave us an overview of … as we debated policy measures, shared viewpoints, and explored how different decisions might impact the stability of the euro. Guided by our professor, Olaf Sleijpen, this exchange made it clear just how complex monetary policymaking is and why it’s important to consider multiple perspectives. Figure 2: Inside the Governing Council meeting Learning from the Experts After the simulation, we got the chance to hear from Director General for Monetary Policy at ECB, Derry O’Brien, who has … intricacies behind what might seem like straightforward actions at first glance. What made the session even more interesting was how Tobias B. C. Boehm took a moment to critique some textbook explanations, pointing out that the ECB doesn’t directly buy bonds from governments. It was a small but important clarification that helped us better understand how things work in practice and why the role of individuals in these processes’ matters. Reflections on the Day Our visit to the ECB wasn’t just a …