Past Event
Monetary policy in the time of climate change
How does climate change influence monetary policy in the eurozone? What potential monetary policy measures should be taken up to address climate risks?
Upcoming Event
This event will feature the presentation of “Monetary Policy in Times of Crisis – A Tale of Two Decades of the European Central Bank."
Past Event
How does climate change influence monetary policy in the eurozone? What potential monetary policy measures should be taken up to address climate risks?
Opinion
Perhaps an analysis of the causes of the declining investment rate would bring us closer to explaining why real interest rates are so low.
Blog Post
Between 2007 and 2020, the balance sheets of the European Central Bank, the Bank of Japan, and the Fed have all increased about sevenfold. But inflation stayed low throughout the 2010s. This was possible due to decreasing money velocity and the money multiplier. However, a continuation of asset purchasing programs by central banks involves the risk of higher inflation and fiscal dominance.
Past Event
Bruegel Annual Meetings, Day 2- In this session we would like to discuss monetary and macroeconomic policies after Covid-19.
Opinion
Emphasis will be placed on greening monetary policy and clarifying the ECB's price stability objective, but is this enough?
External Publication
This paper explores the potential effects (and side effects) of negative rates in theory and examines the evidence to determine what these effects have been in practice in the euro area.
Past Event
This event, jointly organised with ISPI, as the National Coordinator and Chair of the T20 Italy, is part of the T20 Spring Roundtables and it will focus on strategies for a swift and sustainable economic recovery for Europe.
Podcast
How can we ensure a worldwide balanced and inclusive recovery from the Covid pandemic?
Blog Post
COVID-19 has complicated inflation measurement. Policymakers need to take this into account and should look at alternative measures of inflation to understand what is actually happening in the economy.
Podcast
Structural factors are putting downward pressure on rates: is it time for macroeconomic policy to play second fiddle in managing demand?
Policy Contribution
Interest rates have been on a long-term decline, associated with declining productivity growth. To tackle this, the priorities are to reduce market concentration and, in Europe, change the financing model.
