Climate-vulnerable countries across the Global South are facing a vicious climate-public debt cycle. As the world heats up, they will suffer most. Central banks and financial regulators will exacerbate this problem unless they adopt a […]
The ECB keeps repeating that it is on a path of monetary policy “normalisation”. But what is behind this phrase and why does the ECB like it so much? I argue that it currently functions […]
Trillions are needed for the deep building renovations required to meet Europe’s climate targets. To make this happen, EU institutions need to use the network of banks across Europe and incentivise loans for home renovation, […]
This is a short (for me!) video discussing why one entity’s surplus is another’s deficit in a monetary economy, and why governments running a surplus are making the economy weaker rather than stronger.
Sounds like the response of the rest of the EU to climate change: “Too delayed”, “Too unambitious”, “Too narrow” By Uuriintuya Batsaikhan is an economist at Positive Money Europe Cross-posted from Positive Money Europe With […]
After Covid19, huge numbers of households and companies are expected to have loan payment difficulties, aggravating the socially disastrous effects of the crisis and putting a serious strain on the recovery. The EU’s plans to […]
To ensure monetary policy does not conflict with the EU’s carbon neutrality targets, the European Central Bank must replace its current ‘market neutrality’ approach and rely instead on the EU taxonomy, a new briefing by […]
This is being replicated in the EU By Hannah Dewhirst, Campaigner at Positive Money Cross-posted from Positive Money The government’s new Build Back Better council – meant to help the UK recover from the impact […]
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, cancelling debt is not the first-best proposal to […]
The pandemic and current economic crisis exacerbate economic inequality by disproportionately burdening individuals on the lower part of the income distribution. The ECB’s asset purchases have further fueled this trend. It is time the ECB […]
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