George Tavlas

George Tavlas, an influential economist and a key figure at the Bank of Greece, dives into the evolution of monetarism and its lasting impact on monetary policy. He explores the historical context of Chicago monetarism, the significant contributions of Milton Friedman, and the lessons learned from the eurozone's fiscal challenges. Tavlas discusses the rise and fall of monetary aggregates, linking the 2020 inflation spike to rapid money growth, and debates the merits of rules versus discretion in monetary policy, making a case for the enduring relevance of monetarist principles.