ECB deploys holistic toolkit to tackle trilemma, At the heart of government, and more
THE WEEKEND REVIEW – OMFIF
Latest opinion and analysis from OMFIF around the world
29 March-2 April 2021, Vol.12 Ed.13
Most-Read Commentary
ECB deploys holistic toolkit to tackle trilemma: Not unlike other central banks, the European Central Bank faces a difficult trilemma. Normalising interest rates, ensuring financial market stability and preserving the independence of its policy feels like an impossible trinity. Some see the adoption of yield curve control as the only solution to address the challenge, but this appears impossible in the euro area. Unbeknown to all, however, the ECB has laid the ground for a much better strategy, write Agnès Belaisch and Matteo Cominetta.
Commentary German litigation may trap ECB in pincer: The ECB may become trapped in a disruptive pincer movement as a result of four disparate German court challenges to vital elements of Germany’s European policies. The litigation at the constitutional court in Karlsruhe could upset the EU’s plans for a ground-breaking €750bn borrowing programme, write David Marsh and Andreas Meyer-Schwickerath. Read more.
Podcast At the heart of government: Lady Suzanne Heywood and Lords Meghnad Desai and Norman Lamont join John Orchard, OMFIF’s chief executive officer, to discuss her book on her late husband, What Does Jeremy Think?: Jeremy Heywood and the Making of Modern Britain. The book is as much a moving biography as it is an exploration of the machinery at the heart of the British government. Listen.
Podcast First quarter in focus: OMFIF’s Ellie Groves, deputy head of programming and Europe manager, and Natalia Ospina, research assistant, give an overview of OMFIF’s varied activities during a challenging first quarter of 2021. Many OMFIF events tackled a problem many are asking: how to achieve a sustainable recovery from Covid. Listen.
Commentary City loses out in Brexit but not all is lost: Should the City of London start looking at finding a modus vivendi with Europe? It is time to emerge from the Brexit bunker and explore with like-minded influencers in EU capitals how to make financial trade interdependence work for both the UK and Europe, writes Denis MacShane. Read more.
