German polemics over inflation, energy and ECB, Germany’s coal conundrum, and more
THE WEEKEND REVIEW -OMFIF
Latest opinion and analysis from OMFIF around the world
13-17 September 2021, Vol.12 Ed.37
German polemics over inflation, energy and ECB: A heady mix of polemics and polarisation over inflation, tax and spend, European monetary policies and energy lies ahead for Germany after the 26 September election. The contours starting to form for the aftermath of Chancellor Angela Merkel’s 16-year rule portend a fractious future. Beyond the invective, one conclusion is near inescapable: whatever the post-election constellation, Germany is heading for more expansionary fiscal and economic policy, writes David Marsh.
Asset owners can be game changers in climate fight: The Net-Zero Asset Owner Alliance, founded in 2019, is built on the idea that asset owners can be game changers in the fight against climate change with their portfolio holdings, through structural dialogue, capital allocation strategies and collaboration efforts, writes Pedro Guazo.
Germany’s coal conundrum: Phasing out Germany’s heavily polluting lignite power stations is a key factor in the German general election on 26 September. Environmental issues will play a dominant role in an unusually volatile and uncertain contest. The Greens will ensure that the lignite issue becomes a central test of Germany’s ability to enact real change.
Macroeconomic overview from the Philippines: Governor Benjamin Diokno from the Bangko Sentral ng Pilipinas discusses the macroeconomic landscape in the Philippines after Covid-19. He gives a comprehensive picture of the country’s current and predicted future economic position, looking at inflation expectations, employment rate and central bank reserves. Watch.
Germany’s fiscal debate misses the mark: With election day in Germany fast approaching, rhetoric is heating up, especially around the future course of fiscal policy and debt. There are calls to reinstate the constitutionally-mandated, though now suspended, debt brake. In some quarters, a failure to do so is seen as potentially unleashing fiscal ill winds, writes Mark Sobel. Read more.