Inflation – A historical look at its causes
Amidst soaring inflation, central bankers should avoid panicking prematurely and compare the current situation to that of stagflation as seen in the 1960s and 1970s. Even persistent inflation has causes other than monetary policy, Economist and historian Eric Monnet reminds us.
European Parliament pushes Lagarde to discuss new accountability regime
Acting on a long-standing recommendation from Positive Money Europe, the European Parliament’s ECON Committee announced last week that it is ready to negotiate a new accountability framework with the ECB. It remains unclear however if the ECB will join the initiative.
New report “The ECB’s neglected secondary mandate: An inter-institutional solution”
A new report by Positive Money Europe proposes to break the deadlock on the ECB’s secondary mandate. Rather than cherry-picking its secondary objectives, the ECB should coordinate with other EU institutions to seek clarity on which EU priorities the ECB should support.
European Citizens Bank: The future of the Eurozone is yours
To contribute to the Conference on the future of the EU and the ECB’s strategy review, Positive Money Europe and its partners have launched the European Citizens Bank, a participatory project which empowers citizens to formulate recommendations on the future orientations of the Eurozone’s central banks.
The ECB needs political guidance on secondary objectives
While EU Treaties clearly stipulate that the European Central Bank “shall support the general objectives of the European Union”, politicians cannot simply stand by, hoping that it will use its discretionary power to act on them, write a group of EU experts led by Positive Money Europe.