The Vice-President of the European Central Bank

Lucas D. Papademos

back to top

Other posts

• Member of the Governing Council of the European Central Bank (since January 2001)
• Member of the General Council of the European Central Bank (since January 1999)
• Governor of the International Monetary Fund for Greece (from October 1994 - 2002)
• Member of the Council of the European Monetary Institute (1994 - 1998)
• Member of the Monetary Committee of the European Communities (1985 - 1988, 1990)
• Member of the Committee of Alternates of the Committee of the EC Central Bank Governors (1985 - 1993; Chairman 1989)
• Chairman of the Monetary Policy Sub-Committee of the Committee of the EC Central Bank Governors and,
  subsequently, of the Monetary Policy Sub-Committee of the Council of the European Monetary Institute (1992 - 1994)
• Chairman of the Governors' Club, a forum comprising the governors of the central banks of 16 south-east European and Asian countries (2001 - 2002)
• Member of the Trilateral Commission (since 1998)
• Member of Greece's Council of Economic Experts (1985 - 1988, 1991 - 1994)
• Member of the Bid Committee for the Olympic Games - Athens 2004 (1996 - 1997)
• Member of the Board of Directors, Center for Planning and Economic Research (KEPE) (1987 - 1988)
• Member of the Scientific Council of the Greek Center of European Studies (1988 - 1989)
• Member of the Angelopoulos Committee, which prepared the "Stabilisation and Recovery of the Greek Economy" Report (1989 - 1990)
• Member of the Padoa-Schioppa Committee,
  which prepared the "Efficiency, Stability and Equity: A Strategy for the Evolution of the Economic System of the European Community" Report (1986 - 1987)
• Chairman of the Advisory Board of the Hellenic Observatory at the European Institute, London School of Economics (since 1998)

back to top

Decorations

back to top

Publications

Author of numerous articles and essays, including:

• "Targets for Monetary Policy in the Coming Year" (with Franco Modigliani), Brookings Papers on Economic Activity, vol. 1, 1975, pp. 141-165.
• "Sequential Open-Loop Optimal Control of a Nonlinear Macroeconomic Model" (with M. Athans et al) in Frontiers of Quantitative Economics, vol. III, edited by M.D. Intrilligator, North-Holland, 1976.
• "Monetary Policy for the Coming Quarters: The Conflicting Views" (with Franco Modigliani), New England Economic Review, March/April, 1976, pp. 2-35.
• "Optimal Aggregate Employment Policy", Doctoral Thesis, Massachusetts Institute of Technology, 1977.
• "Optimal Demand Policies Against Stagflation" (with Franco Modigliani), Weltwirtschaftliches Archiv, vol. 114, no. 4, December 1978, pp. 736-782.
• "The Structure of Financial Markets and the Monetary Mechanism" (with Franco Modigliani) in Controlling Monetary Aggregates III, Federal Reserve Bank of Boston, October 1980, pp. 111-155.
• "Maximum Employment Anti-Inflation Policy", Greek Economic Review, August 1981, vol. 3, no. 2, pp. 93-127.
• "Inflation, the International Monetary System, and Macroeconomic Discipline" in R. E. Lombra and W. E. Witte (eds.), The Political Economy of International and Domestic Monetary Relations, Ames: Iowa State University Press, 1982, pp. 160-171.
• Review of Rational Expectations and Economic Policy, edited by Stanley Fischer, in the Journal of Economic Literature, vol. 20, March 1982. A more extensive review appears in Greek Economic Review, December 1981.
• "Inflation, Financial and Fiscal Structure, and the Monetary Mechanism" (with Franco Modigliani), European Economic Review, vol. 21, 1983, pp. 203-250.
• "Monetary and Credit Targets in an Open Economy" (with Franek Rozwadowski) in D. R. Hodgman (ed.), The Political Economy of Monetary Policy: National and International Aspects, Conference Series no. 26, Federal Reserve Bank of Boston. 1983, pp. 275-306.
• "Money, Credit, and the Monetary Mechanism" (with Franco Modigliani), in M. De Cecco and J. P. Fitussi (eds.), Monetary Theory and Economic Institutions, London: The Macmillan Press, 1987, pp. 121-160.
• Efficiency, Stability and Equity:
  A Strategy for the Evolution of the Economic System of the European Community (with T. Padoa-Schioppa et al.), Oxford and New York: Oxford University Press, 1987.
• "Monetary Policy Coordination within the EMS: Is there a Rule? A Discussion" in F. Giavazzi, S. Micossi and M. Miller (eds.), The European Monetary System, Cambridge: Cambridge University Press, 1988, pp. 356-366.
• "Economic policy in the European Community after 1992" in 1992: Legal, Economic and Political Dimensions, University of Athens and the European Parliament, Athens, 1989.
• "The Supply of Money and the Control of Nominal Income" (with Franco Modigliani) in B. M. Friedman and F. H. Hahn (eds.), Handbook of Monetary Economics, Amsterdam: North-Holland, 1990. pp. 399-494.
• Stabilisation and Recovery of the Greek Economy, (with A. Angelopoulos et al), Athens, 1990.
• The European Monetary System in the 1990s (with Paul De Grauwe), London and New York: Longman, 1990.
• "Greece and the EMS: Issues, Prospects and a Framework for Analysis" in P. De Grauwe and L. Papademos (eds.), The European Monetary System in the 1990s, London and New York: Longman, 1990, pp. 251-282.
• External Constraints on Macroeconomic Policy: The European Experience (with G. Alogoskoufis and R. Portes), Cambridge: Cambridge University Press, 1991.
• "The solvency constraint and fiscal policy in an open economy: Discussion" in G. Alogoskoufis, L. Papademos and R. Portes (eds.), External Constraints on Macroeconomic Policy: The European Experience, Cambridge: Cambridge University Press, 1991, pp. 68-74.
• "Monetary Policy and Financial Markets in the 1990s" in T. S. Skouras, (ed.), The Greek Economy: Economic Policy for the 1990s, London: The Macmillan Press, 1992.
• "Greece: monetary and financial system" in The New Palgrave Dictionary of Money and Finance, London: The Macmillan Press, 1992.
• "European Monetary Union and Greek Economic Policy" in H. J. Psomiades and S. B. Thomadakis (eds.), Greece, the New Europe and the Changing International Order, New York: Pella Publishing Company, 1993, pp. 125-161.
• "European Monetary Policy Coordination" in A. Bakker et al (eds.), Monetary Stability through International Cooperation, Dordrecht: Kluwer Academic Publishers, 1994.
• "Growth with stability: The role of monetary policy", Economic Bulletin, Bank of Greece, vol. 5, March 1995, pp. 43-51.
• "Inflation, interest rates and growth", The Greek Economy in 1996, Athens, pp. 113-120.
• "Challenges for monetary policy on the road to EMU", Economic Bulletin, Bank of Greece, vol. 8, November 1996, pp. 63-75.
• "The globalisation of financial markets and the conduct of economic and monetary policy", Economic Bulletin, Bank of Greece, vol. 10, December 1997, pp. 79-89.
• "Greece and the euro" in Banking on the Euro, 9th Frankfurt European Banking Congress, November 1999.
• "Monetary policy-making under uncertainty: central bank strategy and credibility" in Monetary policy-making under uncertainty, European Central Bank, Frankfurt am Main, December 1999.
• "The Greek economy in the euro area", The Annual Lecture of the Hellenic Observatory, The European Institute, London School of Economics and Political Science, May 2000.
• "From the drachma to the euro", Economic Bulletin, Bank of Greece, vol. 15, July 2000, pp. 7-14.
• "Why price stability?" in A. G. Herrero et al (eds.), Why price stability?, Proceedings of the First ECB Central Banking Conference, European Central Bank, Frankfurt am Main, November 2000.
• "The euro, the Greek economy and the banking system", Bulletin of the Hellenic Banking Association, vol. 24, 2001, pp. 5-13.
• "The Greek Economy: Performance and Policy Challenges" in R. C. Bryant et al (eds.), Greece's Economic Performance and Prospects, Bank of Greece and the Brookings Institution, 2001.
• "Policy challenges of euro area enlargement" in R. Baldwin, G. Bertola and P. Seabright" (eds.), EMU: Assessing the Impact of the Euro, a special issue of the journal Economic Policy, Oxford: Blackwell Publishing, 2003.
• "The Contribution of Monetary Policy to Economic Growth" in Fostering Economic Growth in Europe, Vienna: Oesterreichische Nationalbank, 2003.
• "Economic Cycles and Monetary Policy" in Monetary Policy, Economic Cycle and Financial Dynamics, Paris: Banque de France, 2004.
• "Economic Heterogeneity, Convergence and Monetary Policy in an Enlarged Euro area" in the Journal of Economic Asymmetries, vol. 1, no. 2, November 2004, pp.1-19.
• "Determinants of growth and the role of structural reforms and macroeconomic policies in Europe", The 2004 Ludwig Erhard Lecture on the State of the European Economy at the Lisbon Council’s Board of Economists, Brussels, 9 December 2004.
• "How to achieve sustainable convergence on the road to EMU" in Z. Darvas, S. Eijffinger and K. Koedijk (eds.), EMU enlargement to the East and West, London: Centre for Economic Policy Research, 2005.
• "Macroeconomic theory and monetary policy: the contributions of Franco Modigliani and the ongoing debate", in Banca Nazionale del Lavoro Quarterly Review, vol. LVIII, nos. 223-234, June-September 2005, pp.187-214.
• "Policy-making in EMU: strategies, rules and discretion", in Economic Theory, vol. 27, 2006, pp. 25-38.

back to top