Yves Mersch: Scope and limits of monetary policy Introductory remarks by Mr Yves Mersch, Member of the Executive Board of the European Central Bank, at the panel “Europe’s Economic and Monetary Policy” during the Ambrosetti Conference on the Outlook for the Economy and Finance, Villa d’Este, Cernobbio, 9 April 2016.
*  *  *  Ladies and Gentlemen, Over recent years, the role of the ECB’s monetary policy has been more actively debated than ever before, and its measures have become the subject of heightened scrutiny. This examination often addresses the limits of monetary policy.