NEW REPORT: How Do You Solve a Problem Like Inflation?
In this New Economics Foundation report, we explore how better coordination between monetary and fiscal policies can help address inflation effectively.
» Read moreTag: European Central Bank
REPORT: A Green Interest Rate for the Eurozone
In a new Policy Paper co-written with colleagues at Sustainable Finance Lab, we presents a proposal to advance Europe’s green transition: the introduction of a green interest rate by the European Central Bank (ECB). The proposal outlines how targeted monetary policy can play a crucial role in combating climate change, promoting sustainable investment, and supporting the ECB’s mandate of low
» Read moreOpen letter to the ECB: RIP TLTROs, long live dual rates
In an open letter to the European Central Bank, Positive Money Europe and experts in banking and monetary policy urge the ECB to introduce a preferential interest rate to encourage banks to increase green lending in the face of inflation.
» Read moreThe ECB needs political guidance on secondary objectives
The ECB’s mandate was established three decades ago, when none of the current challenges were foreseen. It is therefore only natural that the ECB’s mandate today is subject to different and sometimes contradicting interpretations across the euro area. While the European Court of Justice has a role to play in identifying safeguards and limits to ensure that the ECB respects the boundaries set by the EU Treaties, it should not decide in the place of elected policymakers on the future orientations of the ECB’s mandate.
» Read moreREPORT: Scaling-up buildings renovation with ECB credit policy
New Positive Money Europe policy paper written together with Uuriintuya Batsaikhan proposes to repurpose the European Central Bank’s TLTRO programme into a dedicated financial instrument to scale up bank lending for energy-efficient home renovations.
» Read moreECB must add quality to quantity – remarks at ECB Listens
On 21 October 2020, the European Central Bank organised its very first exchange of views with civil society organisations. At this occasion, I had the opportunity to address the ECB President Christine Lagarde and chief economist Philip R. Lane. This work was carried out in the context of my former role as Executive Director at Positive Money Europe. Here are
» Read moreGreen QE is not about green bonds
A recurring misinterpretation of “Green QE” is that central banks should restrict their asset purchases solely to green bonds. This op-ed was originally published on FT Alphaville on December 18, 2019, in the context of my former role as Executive Director at Positive Money Europe. The recent declarations of new European Central Bank president Christine Lagarde on the possible role
» Read moreOpen letter to Christine Lagarde on climate change
Positive Money Europe coordinated a group of 165 academics and civil society organisations to deliver an open letter to Christine Lagarde, calling on the ECB President to accelerate its efforts in addressing climate change.
» Read moreREPORT: Financing the Green New Deal
A coalition of 6 civil society organisations including Positive Money Europe publishes today a briefing report outlining how the European Commission can finance a one trillion euros “Green Deal” it committed to deliever.
» Read moreChristine Lagarde and the political nature of central banking
The nomination of Christine Lagarde as future ECB President comes as a reminder of an unconvenient reality for the financial establishment: central banks are not just technical bodies.
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