-->Speech by Willem F. Duisenberg
President of the European Monetary Institute
London, 27 November 1997

1." Monetary policy cannot influence the growth rate of the economy by having an effect on aggregate demand in the long run. Economic growth depends on the productivity and the supply of factors of production such as labour and capital. No central bank in the world is able to increase its country's growth rate permanently by printing money or even by reducing the nominal interest rate to zero."

Vielleicht reden die ja auch nicht mehr miteinender?

gruss
cg