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29.10.2021 - Comments

The ECB is behind the curve

by Norbert F. Tofall

The ECB will allow significantly higher inflation rates for as long as possible rather than putting the entire eurozone under pressure by raising interest rates.

This comment is available in German only. 

 

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Debt downplaying as a geopolitical problem

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China could benefit from the current debt downplaying in the US and Europe. Debt relief in the Eurozone is geopolitically necessary, - not only for this reason.

30.10.2020 - Economics, Politics & Philosophy

Bequest of objectivity in monetary policy

by Norbert F. Tofall

Central bank independence can be used for objectives that contradict the original mandate. The desired objectivity is replaced by a bequest of monetary policy.