Isabel Schnabel πͺπΊπΊπ¦
@isabelschnabel.bsky.social
Executive Board of the European Central Bank, University of Bonn (on leave) #NieWiederIstJetzt
Isabel Schnabel is a German economist who has been serving as a member of the Executive Board of the European Central Bank since 2020.
Source: Wikipedia
Economics
88%
Business
9%
Thank you, Louis!
What a success! Congratulations to everybody involved, and especially to my colleagues at @econtribute.bsky.social! You are indeed excellent! @dfg.de
I don't think there is a contradiction. In 2022 we had to react strongly to avoid inflation expectations becoming entrenched. In such a situation, central banks have to respond even if this leads to a deep contraction (as the Phillips curve is flat).
In recent years, we have learned that we cannot βlook throughβ supply-side shocks if they are persistent and threaten to de-anchor inflation expectations. When the inflation regime changes, we must be ready to respond swiftly. #MonetaryPolicyStrategy 7/8
The easing of the German debt brake and the infrastructure package can help overcome the structural crisis and strengthen defence capabilities. Funds need to be spent wisely to foster growth. This should be accompanied by comprehensive structural reforms. 6/8
#CapitalMarketsUnion should focus on risk capital, which is crucial for driving innovation. We need to address the entire value chain: from the start-up phase through the growth phase, all the way to the exit stage within European capital markets. 5/8
A new European growth narrative is emerging, and there is momentum to embark on reforms. One promising way to foster integration is the #28thRegime, which would allow firms, e.g. start-ups, to operate all over the EU under similar conditions. 4/8
After April 2, the euro area became a safe haven, leading to an appreciation of the euro, which signalled increased confidence. We are facing a historical opportunity to foster the international role of the euro. 3/8
Keeping a steady hand in an unsteady world
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purch...
www.ecb.europa.eu
Disinflation is on track, but new shocks are posing new challenges. Tariffs may be disinflationary in the short run but pose upside risks over the medium term. Therefore, we should keep a #SteadyHand, as I argued in a recent speech. #Hoover 2/8 www.ecb.europa.eu/press/key/da...
Kann Europa der Gewinner des Handelskriegs werden?
Im GesprΓ€ch mit @mickbroecker.bsky.social spricht #EZB-Direktoriumsmitglied @isabelschnabel.bsky.social von einem βneuen europΓ€ischen Wachstumsnarrativβ.
Wie sie das deutsche SondervermΓΆgen bewertet, hΓΆren Sie hier π buff.ly/NwQAo9A
Im GesprΓ€ch mit @mickbroecker.bsky.social spricht #EZB-Direktoriumsmitglied @isabelschnabel.bsky.social von einem βneuen europΓ€ischen Wachstumsnarrativβ.
Wie sie das deutsche SondervermΓΆgen bewertet, hΓΆren Sie hier π buff.ly/NwQAo9A
It was a pleasure to join @mickbroecker.bsky.social & his colleagues in the #TableToday podcast. We covered a lot of ground: monetary policy and inflation, the impact of tariffs, the emergence of a new European growth narrative, and fiscal challenges, with the following key messages. 1/8