Tobias Arbogast
@tobiasarbogast.bsky.social
PhD in political economy @MPIfG: The role of the natural rates in monetary policy
Reposted by Tobias Arbogast
🚨New article🚨 The consensus is that contestation pushed central banks to talk 𝘮𝘰𝘳𝘦 about inequality & climate.
Our theory: At first, CBs seek to ward off politicization by talking 𝘭𝘦𝘴𝘴 about controversial topics.
We tested this 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐬𝐢𝐥𝐞𝐧𝐜𝐞 𝐡𝐲𝐩𝐨𝐭𝐡𝐞𝐬𝐢𝐬.🧵
onlinelibrary.wiley.com/doi/10.1111/...
Our theory: At first, CBs seek to ward off politicization by talking 𝘭𝘦𝘴𝘴 about controversial topics.
We tested this 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐬𝐢𝐥𝐞𝐧𝐜𝐞 𝐡𝐲𝐩𝐨𝐭𝐡𝐞𝐬𝐢𝐬.🧵
onlinelibrary.wiley.com/doi/10.1111/...
July 1, 2025 at 10:11 AM
🚨New article🚨 The consensus is that contestation pushed central banks to talk 𝘮𝘰𝘳𝘦 about inequality & climate.
Our theory: At first, CBs seek to ward off politicization by talking 𝘭𝘦𝘴𝘴 about controversial topics.
We tested this 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐬𝐢𝐥𝐞𝐧𝐜𝐞 𝐡𝐲𝐩𝐨𝐭𝐡𝐞𝐬𝐢𝐬.🧵
onlinelibrary.wiley.com/doi/10.1111/...
Our theory: At first, CBs seek to ward off politicization by talking 𝘭𝘦𝘴𝘴 about controversial topics.
We tested this 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐬𝐢𝐥𝐞𝐧𝐜𝐞 𝐡𝐲𝐩𝐨𝐭𝐡𝐞𝐬𝐢𝐬.🧵
onlinelibrary.wiley.com/doi/10.1111/...
My 2 cents on ECB withdrawing from gov bond markets (paywalled 😔). CB withdrawing usually = more market power over a key policy area in democracy and more anonymity of creditors. Public debt is a always also an asset but we still largely don't know whose. www.sueddeutsche.de/wirtschaft/e...
EZB beendet Ankauf von Staatsanleihen: Was bedeutet das für den Anleihemarkt?
Die EZB hat zum Jahreswechsel den Ankauf von Staatsanleihen gestoppt. Andere Käufer müssen die Lücke füllen, während große Anlagegesellschaften skeptischer auf den wachsenden Berg an Staatsschulden in...
www.sueddeutsche.de
January 27, 2025 at 6:02 PM
My 2 cents on ECB withdrawing from gov bond markets (paywalled 😔). CB withdrawing usually = more market power over a key policy area in democracy and more anonymity of creditors. Public debt is a always also an asset but we still largely don't know whose. www.sueddeutsche.de/wirtschaft/e...