Paul Volcker and Wilhelm Nölling
Remembering Paul Volcker and Wilhelm Nölling, Forecasting Lagarde’s direction
Wednesday 11 December 2019 – Vol.10 Ed.50.2
Remembering Paul Volcker and Wilhelm Nölling
By David Marsh in London
Paul Volcker and Wilhelm Nölling were united by staunch commitment to public service. Volcker, chair of the Federal Reserve in 1979-87, became a byword for steely resolve to combat inflation and the reckless waywardness of commercial bankers. Nölling, president of the Land central bank of Hamburg and member of the Bundesbank council in 1982-92, became well known in Germany as one of the ‘gang of four’ economics professors who filed constitutional lawsuits against introducing and developing the euro.
Read the full obituary on the website.
Podcast: Forecasting Lagarde’s direction
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Frederik Ducrozet, strategist at Pictet Wealth Management, joins Danae Kyriakopoulou, chief economist and director of research at OMFIF, to discuss what to expect from the European Central Bank’s next monetary policy meeting and Lagarde’s direction for the ECB. They cover stylistic changes in communication with the public and markets, internal changes to decision making, as well as the timing of the strategic review and what may come of it.
Listen to the recording, or search ‘OMFIF’ on your smartphone’s podcast app.
