In this New Economics Foundation report, we explore how better coordination between monetary and fiscal policies can help address inflation effectively.

Policy entrepreneur
In this New Economics Foundation report, we explore how better coordination between monetary and fiscal policies can help address inflation effectively.
» Read moreIn 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 moreIn 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’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 moreNew 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 moreAlthough debt cancellation by central banks is technically feasible, it is nearly legally and politically impossible to achieve, and its economic benefits would be rather minimal. There are better proposals in a progressive Eurozone reform agenda.
» Read moreOn 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 moreIn this report for Positive Money Europe, I outline how to move helicopter money from theory to practice in the context of the Pandemic crisis.
» Read moreIf the ECB President Christine Lagarde sincerely wants to “turn each and every stone”, then it must open the debate on “helicopter money.”
» Read moreA 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
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