Miran: Rules, Supply Factors, and Central Bank Policy

The Impact of Deregulation on Monetary Policy

I appreciate the introduction, Madame Ambassador, and am grateful for the chance to address you today. My remarks will focus on how deregulation influences monetary policy—a particularly relevant subject in this context.

Greece’s path to recovery following the 2009 crisis was paved by the Greek people’s commitment to significant and often difficult reforms. Among these, reducing excessive regulation across various industries played a crucial role. Alongside other transformative measures, easing regulatory constraints empowered businesses to compete both within Greece and on the global stage, while also expanding opportunities for individuals to participate in the economy.

The scope of these reforms has included opening up previously restricted sectors and fostering a more competitive environment overall.