Challenges for monetary policy that make us think
Monetary policy is too important to rely on trial and error. Klaas Knot argues that central banks need data and research to fulfil their mandate, so that they can do the best possible job
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Fiscal policy
Outlook for the euro area economy and financial stability
Luis de Guindos provides an overview of the euro area economy, and argues that it is vital to reform the EU’s economic governance framework in order to anchor expectations and support fiscal discipline
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Openness beats fragmentation
Andrew Bailey describes the benefits of openness and the risks posed by fragmentation for the world economy and financial stability
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Policymaking in an age of shifts and breaks
The world has experienced an unprecedented series of shocks. Christine Lagarde says clarity, flexibility and humility will be three key elements of robust policymaking against this backdrop
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A time for resolve and realism
Agustín Carstens says with the global economy at a critical juncture, it is a time for resolute and realistic policy
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Economic uncertainty creating difficulty for central banks
Francesco Papadia says regaining price stability is difficult but doable, but the bigger problem facing central banks is economic uncertainty, not managing the trilemma
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Overcoming the financing squeeze
Abebe Aemro Selassie discusses the impact of COVID-19 on African countries, the financing challenge, implications for long-term investment, and how it can best be navigated
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Time to step up policy coordination in the euro area
The euro area economy has shown impressive resilience. Nevertheless, Reinhard Felke and Nicolas Philiponnet argue that policymakers should sustain vigilance and action
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Headwinds persist
Maarten Verwey and Oliver Dieckmann discuss the Commission’s Winter 2023 Economic Forecast and describe how the EU economy is set to escape recession
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Monetary policy and the Great Volatility
The Great Moderation was a period of prosperity. Isabel Schnabel argues that it is up to central banks whether today’s challenges will lead to the Great Volatility
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