by Stanislas Jourdan | Dec 17, 2020
Since the outbreak of the Covid-19 crisis, a debate has emerged on whether we should write off public debts owed to central banks. Despite its technical feasibility, debt cancellation is not the first-best proposal to fight for.
by Alessia Del Vasto | Mar 20, 2020
The ECB launched a massive 750 billion euro plan to cope with the Coronavirus crisis. But these measures will only work if national governments spend as much as is necessary and outline an ambitious plan to tackle the recession.
by Stanislas Jourdan | Mar 11, 2020
There is little point in slowing down the contagion by forcing the economy to accelerate. Instead of blunt stimulus measures, the ECB must respond to the Coronavirus by launching targeted support for SMEs.
by Stanislas Jourdan | Nov 1, 2019
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.
by Stanislas Jourdan | Jul 26, 2019
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.
by Stanislas Jourdan | Jul 5, 2019
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.