by Serena Di Luccio | Mar 8, 2023
Since 1911, the International Women’s Day on the 8th of March, has been a day dedicated to celebrating women’s achievements in the pursuit of their rights and gender equality. On this day, Positive Money Europe wants to highlight how female financial inclusion, access to positions of power for minority groups, and the contribution and visibility of female economists are extremely important pieces in eradicating inequality.
by Marc Beckmann | Sep 8, 2022
The European Central Bank decided to raise interest rates, in an attempt to show its determination to fight inflation. However this decision is based on shaky justifications, which are likely to cause more harm than do any good for citizens’ purchasing power.
by Positive Money Europe | Jan 28, 2022
The combination of higher inflation and the still too slow green transition creates a dilemma for the European Central Bank because taming down inflation using its traditional interest rate policy would effectively make green energy investments costlier. To avoid such counter-productive outcomes, the ECB needs to signal clearly that any effort to fight inflation will also maintain favorable funding conditions for spending or investments that contribute to a successful energy transition.
by Max Engel | Dec 10, 2021
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.
by Marc Beckmann | Dec 9, 2021
In its new strategy, the ECB decided that housing costs should be better reflected in the inflation index. However, this won’t address citizens’ concerns. If there is anything the ECB can do about the rise in housing costs, it is to change the way it conducts its monetary policy.
by Positive Money Europe | Nov 29, 2021
A new study finds that ECB’s monetary policy affects the wage share of companies and thereby the distribution of income between workers and shareholders. Given that these effects differ by firm characteristics, monetary policy has uneven effects across the euro area. To tackle this, more targeted monetary policy tools should be developed.