Рет қаралды 166
The European Central Bank is fighting energy-driven inflation by hiking interest rates.
But what if there's a better way?
In this episode, I describe my proposal for a European Green Infrastructure Company, funded by the ECB.
The ECB could have used the years of below-target inflation and high unemployment to accelerate the transition to a zero-carbon economy.
This would have made the euro area less dependent on imported fossil fuels.
And I argue that this proposal is more in line with the ECB's mandate. For example, the ECB would not have bought goverment bonds (monetary financing of governments is prohibited).
Further reading/listening/watching:
The plan: blog.janmusscho...
Podcast with Nick de Boer:
• #13: Nik de Boer on th... (part 1)
• #14: Nik de Boer on th... (part 2)
My research on inflation in Europe: • What economists got wr...
(also available in text: blog.janmusscho...)
My research on the ECB's interest rate hikes: • ECB interest rate hike...