{"id":1906,"date":"2023-01-10T15:33:12","date_gmt":"2023-01-10T14:33:12","guid":{"rendered":"https:\/\/www.uni.lu\/fdef-fr\/events\/the-ecb-from-a-central-bank-of-stability-to-a-central-bank-of-crisis\/"},"modified":"2023-01-10T15:33:12","modified_gmt":"2023-01-10T14:33:12","slug":"the-ecb-from-a-central-bank-of-stability-to-a-central-bank-of-crisis","status":"publish","type":"events","link":"https:\/\/www.uni.lu\/fdef-fr\/events\/the-ecb-from-a-central-bank-of-stability-to-a-central-bank-of-crisis\/","title":{"rendered":"The ECB &#8211; from a central bank of stability to a central bank of crisis?"},"content":{"rendered":"<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\">\n<h2 class=\"has-text-align-left wp-block-unilux-blocks-heading\"        id=\"abstract\"\n    >\nAbstract<\/h2>\n<p>The seminar discusses the economic-constitutional architecture of the EMU and particularly the ECB. Questions are framed by a recently published book The ECB and the European Macroeconomic Constitution \u2013 From Ensuring Stability to Fighting Crises, that combines economics and constitutional law to gain understanding of the ECB\u2019s current constitutional position.<\/p><p>The book claims that the EMU\u2019s second decade turned out to be a decade of crises that has fundamentally altered its economic-constitutional framework. The price stability objective and the rules for fiscal policy that were to ensure economic stability and prosperity for the euro area Member States have been replaced by a series of ac hod decisions. In particular, the ECB that was assumed to facilitate broader economic stability through its constitutional focus on price stability, has arguably become the fire brigade of the euro area. In the process, the objective of price stability has been complemented by the objectives of financial stability, fiscal stability and even environmental and broader sustainability.<\/p><p>The seminar will discuss the book\u2019s main claims and the implications the findings could have for euro area monetary policy, economic policy and for the EU legal order.<\/p><p><\/p>\n<h2 class=\"has-text-align-left wp-block-unilux-blocks-heading\"        id=\"programme\"\n    >\nProgramme<\/h2>\n<p><strong>Welcome<\/strong>, Prof. Herwig Hofmann,<i>\u00a0Head of the Department of Law and Professor of European and Transnational Public Law at the University of Luxembourg<\/i><\/p><p><strong>The ECB from a central bank of stability to a central bank of crises \u2013 how the ECB was drawn into multiple areas and what risks this entails<\/strong>, Dr. Klaus Tuori,<i>\u00a0University of Luxembourg, author of \u00ab\u00a0The ECB and the European Macroeconomic Constitution \u2013 From Ensuring Stability to Fighting Crises\u00a0\u00bb (Cambridge University Press, 2022) <\/i><\/p><p><strong>The ECB\u2019s changing role \u2013 lessons for the future<\/strong>, Yves Mersch, <i>a former Member of the ECB\u2019s Executive Board<\/i><\/p><p><strong>The role of law and courts in guiding the ECB \u2013 more procedural than substantive control?<\/strong>, Judge Lars Bay Larsen, <i>Vice-President of the Court of Justice of the European Union<\/i><\/p><p><strong>Discussion<\/strong><\/p><p><\/p>\n<h2 class=\"has-text-align-left wp-block-unilux-blocks-heading\"        id=\"registration\"\n    >\nRegistration<\/h2>\n<p><a href=\"https:\/\/www.eventbrite.fr\/e\/the-ecb-from-a-central-bank-of-stability-to-a-central-bank-of-crisis-tickets-511636066247\" target=\"_self\" title=\"\" rel=\"noopener\">Please click here to register. <\/a><\/p><\/div><\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":0,"featured_media":1907,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"event_start_date":"2023-02-09 14:00:00","event_end_date":"2023-02-09 17:00:00","event_speaker_name":"","event_speaker_link":"","event_is_online":false,"event_location":"online:\r\nThe link to join the seminar will be sent to all registered attendees on the day before the conference.\r\n\r\nin-person:\r\nUniversity of Luxembourg\r\nCampus Kirchberg - Weicker Building\r\nroom B001 (ground floor)\r\n4, rue Alphonse Weicker, L-2721 Luxembourg","event_street":"","event_location_link":"","event_zip_code":"","event_city":"","event_country":"LU"},"events-topic":[305],"events-type":[],"organisation":[103,100],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The ECB - from a central bank of stability to a central bank of crisis? - FDEF I Uni.lu<\/title>\n<meta name=\"description\" content=\"The seminar discusses the economic-constitutional architecture of the EMU and particularly the ECB. Questions are framed by a recently published book The\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uni.lu\/fdef-fr\/events\/the-ecb-from-a-central-bank-of-stability-to-a-central-bank-of-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The ECB - from a central bank of stability to a central bank of crisis?\" \/>\n<meta property=\"og:description\" content=\"The seminar discusses the economic-constitutional architecture of the EMU and particularly the ECB. Questions are framed by a recently published book The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uni.lu\/fdef-fr\/events\/the-ecb-from-a-central-bank-of-stability-to-a-central-bank-of-crisis\/\" \/>\n<meta property=\"og:site_name\" content=\"FDEF FR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uni.FDEF.lu\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2026\/03\/03111953\/FDEF_SM-Profile_1600x1600px-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/the-ecb-from-a-central-bank-of-stability-to-a-central-bank-of-crisis\/\",\"url\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/the-ecb-from-a-central-bank-of-stability-to-a-central-bank-of-crisis\/\",\"name\":\"The ECB - from a central bank of stability to a central bank of crisis? - FDEF I Uni.lu\",\"isPartOf\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/the-ecb-from-a-central-bank-of-stability-to-a-central-bank-of-crisis\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/the-ecb-from-a-central-bank-of-stability-to-a-central-bank-of-crisis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2023\/01\/default-2.jpg\",\"datePublished\":\"2023-01-10T14:33:12+00:00\",\"dateModified\":\"2023-01-10T14:33:12+00:00\",\"description\":\"The seminar discusses the economic-constitutional architecture of the EMU and particularly the ECB. 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