In January 2020, Christine Lagarde announced that the ECB would be conducting a year-long review process of its monetary policy and remit. Much has happened since its last review in 2004, and GPI has responded to Lagarde’s ambitious agenda. The report reviews the development of ECB monetary policy over the past 30 years and concludes...Read More

This report [1] by Yvan Lengwiler and Athanasios Orphanides was commissioned by the ECON committee of the European Parliament as part of the 20-year review of the European Central Bank (ECB). Our initial comments are based principally on the Executive Summary and Recommendations of the Report, and made in the light of the Global Policy...Read More

The GPI response to the ECB Review invitation, in preparation, examines briefly the first decade of the life of the ECB from 1999, but concentrates on the evolution of the ECB monetary policy, during the second decade, following the Global Financial Crisis. Looking forward – with the added problems posed by the recovery from the...Read More

Following its comparative analysis of the US Federal Reserve and the European Central Bank, published in 2018, fellows at GPI London are responding to Christine Lagarde’s call for submissions to the ECB’s own review that is to be completed end of 2020. The GPI team have split their efforts into an economic review and a...Read More