In a recent speech, the German central bank’s governor objected to Positive Money Europe’s “green quantitative easing” proposal. But his objections are biased, wrong-headed and surmountable.
Seven years after Mario Draghi’s heroic “whatever it takes” speech, the European Central Bank needs to find new ways to reaffirm its ability to act.
Critics of Christine Lagarde’s nomination as future ECB President argue central banks should be only led by academics and technocrats, not politicians. They are wrong.
20 years after the creation of the euro and 10 years after the burst of the financial crisis, it is time to carry out a comprehensive review of the monetary policy strategy of the European Central Bank.