Is monetary policy still regulatory policy today?
23 September 2022 · Joachim Nagel , President of the Deutsche Bundesbank (Germany)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates , inflation and price stability , public finances and debt
JN 23 Sep 2022 · Joachim Nagel Wiki · Deutsche Bundesbank Wiki Is monetary policy still regulatory policy today? Context Reichmuth & Co lecture at the University of Lucerne; the Bundesbank is Germany's central bank within the euro system and links price stability to economic order.
Why it matters Nagel warns that the ECB should act only when transmission is truly at risk.
Problems raised Inflation is too high. Fiscal rules must reduce debt. Market dynamics can threaten transmission. Solutions proposed Design fiscal rules to reduce debt. Act only when transmission is at risk. Respect the European Treaties. Read full speech on bis.org ↗ More from Joachim Nagel · Deutsche Bundesbank · all speeches
More speeches by Joachim Nagel Other leaders on monetary policy and interest rates
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