our areas of work
The new inflation target of the ECB offers minimalistic improvements and lacks credibility. Although the ECB wants to get rid of its deflationary bias, it shies away from considering more forceful and radical instruments that could achieve that, giving itself instead more convenient justifications for missing the target in the future. The ECB will have to consider more paradigmatic changes to its monetary policy when it next reviews its strategy in 2025.
With the results of the ECB strategy review now published, the commitment of the ECB to tackle climate change is officially on paper. While it is a step in the right direction, disclosures, as largely planned by the ECB, in themselves do not constitute significant actions towards tackling climate change. Combined with the slow speed of implementation, we doubt the ambition of the climate roadmap.
Still need a book for your summer vacation? Below is a selection of what we at Positive Money Europe are currently (re)reading – including one book in German and one in Italian, reflecting the diversity of our team.
Positive Money Europe are looking for a German & English-speaking Digital Communications Officer to help us increase our impact by building a community of supporters around our campaigns and increasing our visibility in the general public and in the media.
The outcomes of the ECB’s strategic review show how much progress was made on civil society demands such as climate action and the inclusion of housing prices in inflation data. However, the ECB failed to depart from the status quo in terms of its core monetary policy tasks. Nonetheless, the ECB’s commitment to carry out periodic reviews, as soon as in 2025) are good foundations for working towards a more effective and fair monetary policy.
A review of more than 30 academic papers demonstrate overwhelming evidence that helicopter money will significantly boost the economy.