What is the European Central Bank? Watch the video!
Read our explainer series on central banking and grasp the basics needed to understand this key institution!
A review on the distributional effects of monetary policy
Inequality has long been a foremost public concern, but not so for central banks. While the orthodoxy according to which central banks engage in “neutral” policy-making is slowly crippling away, we’re still enormously far from taking the distributional consequences of money creation and allocation seriously. Intensifying the debate on the inequality effects of the central bank’s monetary policy is a small step in that direction. This blog suggests several starting points for that.
Counting on the ECB to act on fragmentation risks
The risk of fragmentation has accompanied the Eurozone since its origin. With the ECB ending its expansionary monetary policy, it has reoccurred once again. The ECB vowed to put the issue of fragmentation at rest with a new tool announced in July 2022. But its success depends on the ECB’s decision-makers realising their power and using it accordingly.
Summer Reading List 2022
In need of some reading ideas for this summer? Look no further! We have compiled a list of books that the Positive Money Europe team has been reading. The topics range from the role of central banks to the intellectual history of money, including a practical guide on how to campaign. Take a look!
Reading list: 5 books recommended by the Positive Money Europe team
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.
EZB-Schuldenerlass: Keine erstbeste Strategie; höchstens eine Notfalllösung
Seit dem Ausbruch der Covid-19-Krise ist eine Debatte darüber entstanden, ob wir die Staatsschulden bei den Zentralbanken abschreiben sollten. Trotz der technischen Machbarkeit ist der Schuldenerlass nicht die erstbeste Maßnahme, für die es sich zu kämpfen lohnt.