2023, 15th Annual Feldstein Lecture, Mario Draghi, "The Next Flight of the Bumblebee: The Path to Common Fiscal Policy in the Eurozone"

Dr. Mario Draghi, who served as President of the European Central Bank and Prime Minister of Italy, presented the 2023 Martin Feldstein Lecture on "The Next Flight of the Bumblebee: The Path to Common Fiscal Policy in the Eurozone." He outlined the considerations that motivated the creation of the European Monetary Union and summarized key aspects of its performance over the last three decades. He also described several key challenges as well as potential future directions for increasing economic integration. The Feldstein Lecture series was launched in 2009 to celebrate the late Martin Feldstein's three decades of transformative NBER leadership.

Read the transcription of the Lecture

Support for the 2023 NBER Summer Institute, which included this lecture, was generously provided by the Alfred P. Sloan Foundation grants #G-2019-12304 and #G-2023-19633, the National Science Foundation grant #1851757, and the Lynde and Harry Bradley Foundation grant #20231187.