This Euro50 roundtable intends to take stock of the unconventional monetary policies which have been implemented in the wake of the global financial crisis. It will look at their achievements, their theoretical underpinnings and review the pitfalls they encountered. The discussion will have a special focus on monetary policy of the European Central Bank.

Miranda Xafa, Senior Fellow will be a panelist on "Theoretical underpinnings of unconventional monetary policy."

This session will address the principles underlying unconventional monetary policies, their transmission mechanics and expected impact on the real economy, both in the short run and the long run.


Jorge Braga de Macedo, Distinguished Fellow will attend on behalf of CIGI.

Event Speakers

Photo of Miranda Xafa

Miranda Xafa

CIGI Senior Fellow

Miranda Xafa is a CIGI senior fellow. She is also chief executive officer of EF Consulting, an Athens-based advisory firm focusing on euro-zone economic and financial issues. At CIGI, Miranda focuses on sovereign debt crises and drawing lessons from the Greek debt restructuring for future debt crises. From 2004 to 2009, she served as a member of the executive board of the IMF in Washington, DC.

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