Klaus Masuch Author

John H. Cochrane is the Rose Marie and Jack Anderson Senior Fellow of the Hoover Institution at Stanford University. He is the author of The Fiscal Theory of the Price Level and Asset Pricing (both Princeton). Luis Garicano is professor of public policy at the London School of Economics. He served as a member of the European Parliament from 2019 to 2022. Klaus Masuch has worked at the European Central Bank from the start of the euro, first as head of the Monetary Policy Strategy Division from 2000 to 2006, then as head of the EU Countries Division from 2007 to 2013, and as principal adviser since 2014. (All views are the authors,’and not endorsed by their employers or affiliated institutions.)