Fiscal and monetary policy challenges in the short and long run Summary of the Banque de France-Bundesbank conference held on 19 and 20 May 2011 in Hamburg

The Bundesbank and the Banque de France held their third joint conference on 19 and 20 May 2011 in Hamburg. The conference was devoted to the challenges that macroeconomic policy – in the form of monetary, fi scal and tax policy – must address in the short and long run.