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Why green monetary policy is legal and legitimate
Those sceptical that the European Central Bank (ECB) should its green monetary policy claim this is not compatible with the ECB’s mandate, and that this would be undemocratic. But fighting climate change is part of the ECB’s mandate, and democratically elected politicians can legitimise a greener approach.
EZB-Schuldenerlass: Keine erstbeste Strategie; höchstens eine Notfalllösung
Seit dem Ausbruch der Covid-19-Krise ist eine Debatte darüber entstanden, ob wir die Staatsschulden bei den Zentralbanken abschreiben sollten. Trotz der technischen Machbarkeit ist der Schuldenerlass nicht die erstbeste Maßnahme, für die es sich zu kämpfen lohnt.
NEW REPORT: How can the European Central Bank unleash building renovations across Europe
A new report by Positive Money Europe proposes to accelerate building renovations in the EU by tweaking the European Central Bank’s gigantic “TLTROs” programme to incentivize banks to offer cheap loans for building renovations.
Cancellazione del debito detenuto dalla BCE: perché il gioco non vale la candela
Dall’inizio della crisi da Covid-19, è emerso un dibattito circa la possibilità di cancellare i debiti pubblici detenuti dalle banche centrali. Seppur realizzabile, la cancellazione del debito non è la miglior proposta per la quale schierarsi.
EU Parliament pressures ECB to address climate change
In a vote on 9 February, Members of the European Parliament (MEPs) told the European Central Bank (ECB) to incorporate climate-related risks in its policies. The Parliament also formally agreed to start negotiations with the ECB to formalise its accountability framework.
Policy Briefing: Why the ECB should go beyond ‘market neutrality’
To ensure monetary policy does not conflict with the EU’s carbon neutrality targets, the European Central Bank must replace its current ‘market neutrality’ approach and rely instead on the EU taxonomy, a new briefing by Positive Money Europe argues.