When it comes to public finances, Germany is notorious for its hard line stance on public debt sustainability. Given the country’s self-inflicted energy dilemma, have recent geopolitical events led the country to change its tune? Not according to a position paper published by the ministry for economic affairs and climate action. But the fallout from the war in Ukraine is demonstrating the regressive nature of Germany’s preoccupation with fiscal austerity.
Power, philosophy and heroism of central bankers By David Marsh Who will prevail in the struggle to apportion guilt as some larger industrial countries teeter towards stagflation? A new book by Jagjit Chadha, director of the National Institute of Economics and Social Research, ranges over the broad gamut of central bank policy-making.
MEETINGS Economic priorities for Germany and the euro area Tuesday 6 September, Roundtable Steffen Meyer, head of the department for economic, financial and climate policy at the German Chancellery, discusses priority economic issues for Germany, including domestic growth and inflation expectations.
ON DEMAND Crypto crash proves the need for CBDC Wolfram Seidemann, chief executive officer of G+D Currency Technology, joins John Orchard, CEO of OMFIF, for a discussion on how the recent crypto crash may influence government policy regarding central bank digital currencies. They also touch on the importance of security and interoperability.
LATEST REPORT Sustainable Policy Institute Journal In the summer edition of the journal, contributors lay out why the ‘S’ in ESG is becoming a priority for investors and why social and human rights issues are taking centre stage.
