Articles from Marcel Fratzscher

25 results, from 1
Blog Marcel Fratzscher

COVID-19 economic crisis: Europe needs more than one instrument

There are now several proposals for complementing the vigorous decision of the ECB to launch a mega ‘pandemic emergency purchase programme’ with fiscal and financial initiatives at the European level. These proposals sometimes overlap, which is a good sign of convergence. This column argues that they are also largely complementary to one another. Hence, it calls for a multi-instrument approach ...

06.04.2020| Marcel Fratzscher
Blog Marcel Fratzscher

A proposal for a Covid Credit Line

It is in the interest of every EU member state that countries in the Union hit by the coronavirus are able to take the necessary measures to control the pandemic and deal with the economic consequences without being constrained, and to do so very quickly. This column proposes a Covid credit line in the European Stability Mechanism, with allocation across member states proportionate to the severity ...

23.03.2020| Marcel Fratzscher
Statement

The ECB is sending a strong signal that now also governments need to act more decisively

DIW president Marcel Fratzscher comments today's announcements by the ECB as follows:

12.03.2020| Marcel Fratzscher
Statement

Mario Draghi will be remembered as a great European

DIW president Marcel Fratzscher comments today's announcements by the ECB as follows: 

24.10.2019| Marcel Fratzscher
Statement

The ECB has sent a strong signal that it takes its mandate seriously

DIW president Marcel Fratzscher comments today's announcements by the ECB as follows: 

12.09.2019| Marcel Fratzscher
Blog Marcel Fratzscher

Lagarde’s ECB Must Modernize

As the nominee to succeed European Central Bank President Mario Draghi in November, Christine Lagarde may be hoping that her job will be somewhat easier than that of her predecessor. Yet the opposite is likely to be true. Though Draghi was tasked with guiding the ECB through years of crises, Lagarde will have to pursue eurozone reforms at a time of deepening polarization among member-state governments. ...

05.08.2019| Marcel Fratzscher
Statement

The weakness of the euro area gives the ECB no choice

DIW president Marcel Fratzscher on the European Central Bank's latest announcements:

25.07.2019| Marcel Fratzscher
Blog Marcel Fratzscher

Germany’s economic model is not the problem

This article was published on the Financial Times website on June 17, 2019. The German economic model has received some unusually harsh criticism of late, notably from French president Emmanuel Macron, who said in April that it “has perhaps run its course”. Yet the problem for Germany today is not its economic model, but rather inadequate economic policies and two deep-seated illusions. The ...

03.07.2019| Marcel Fratzscher
Statement

ECB monetary policy will for some time remain more expansionary than most in Germany expect

DIW president Marcel Fratzscher on the European Central Bank's latest announcements:

07.03.2019| Marcel Fratzscher
Statement

Monetary policy in the euro area will remain expansionary for a long time to come

Marcel Fratzscher, president of the German Institute for Economic Research (DIW Berlin), comments on the latest ECB council meeting as follows:

13.12.2018| Marcel Fratzscher
Statement

Euro area reform deal is a disappointing compromise

EU finance ministers have struck a euro area reform deal. Marcel Fratzscher, President of the German Institute for Economic Research (DIW Berlin), comments:

04.12.2018| Marcel Fratzscher
Statement

ECB announcement is bold but the right thing to do

Marcel Fratzscher, president of the German Institute for Economic Research (DIW Berlin), comments on the latest ECB council meeting as follows:

14.06.2018| Marcel Fratzscher
Statement

ECB should not pre-commit itself to a particular policy path

Marcel Fratzscher, president of the German Institute for Economic Research (DIW Berlin), comments on the latest ECB council meeting as follows:

26.04.2018| Marcel Fratzscher
Statement

European Central Bank has to keep all its options open

Marcel Fratzscher, president of the German Institute for Economic Research (DIW Berlin), comments the latest ECB council meeting as follows:

08.03.2018| Marcel Fratzscher
Statement

ECB has to strike delicate balance

Marcel Fratzscher, president of the German Institute for Economic Research (DIW Berlin), comments the latest ECB council meeting as follows:

25.01.2018| Marcel Fratzscher
Statement

ECB is acting wisely by resisting pressure for a faster exit from QE

Marcel Fratzscher, president of the German Institute for Economic Research (DIW Berlin), comments the latest ECB council meeting as follows:

14.12.2017| Marcel Fratzscher
Statement

The ECB can only tighten its monetary policy gradually

Marcel Fratzscher, president of the German Institute for Economic Research (DIW Berlin), comments the latest ECB council meeting as follows:

26.10.2017| Marcel Fratzscher
Statement

The ECB is well-advised to keep all exit options open

Marcel Fratzscher, president of the German Institute for Economic Research (DIW Berlin), comments the latest ECB council meeting as follows:

07.09.2017| Marcel Fratzscher
Statement

The German constitutional court should have rejected the lawsuits against the ECB

Marcel Fratzscher, president of the German institute for economic research, on today's decision of the German constitutional court concerning the ECB:

15.08.2017| Marcel Fratzscher
Statement

The ECB keeps its options open

Statement from 20 July 2017

20.07.2017| Marcel Fratzscher
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