By Sunil Sharma and William White
Macroeconomic stabilisation policies cannot address the deep structural problems that confront the economies of many advanced democracies. Indeed, pretending that they can poses a threat to democracy itself as a worsening economic reality increasingly disappoints popular expectations. To confront this political vulnerability, actual policies must be improved, but popular expectations must also become more realistic. The economic difficulties linked to the pandemic and the Russian invasion of Ukraine could provide an opportunity.
| Europe needs action now on inflation|
By Jürgen Stark
The ECB’s asymmetric monetary policy approach, followed for several years, has now become a source of instability. The time has come to brake the loss of trust in the stability of the euro. The longer the ECB waits, the steeper and more thorny the path ahead.
Future for multilateralism and role of development banks
Thursday 28 April, Broadcast
Following the 2022 spring meetings of the World Bank and IMF, this event brings together leading development banks to discuss ways of supporting the global economic recovery, manage debt sustainability and strengthen financial co-operation.
| ON DEMAND|
The many facets of European debt sustainability
Gloria Bartoli, professor of public management at the LUISS Guido Carli in Rome, speaks with Taylor Pearce, economist at OMFIF, about debt sustainability and fiscal reform in the EU. Bartoli provides her view of the debt landscape and analyses the possibility of returning to a pre-pandemic status quo.
| Forging the path to international standards in sustainable finance|
OMFIF has joined forces with Luxembourg for Finance to consider what is required for the standardisation of sustainable finance. Taking insight from interviews with experts across the financial sector and real economy, this report explores the latest developments in taxonomy regulation and reporting frameworks.