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Michael Pettis

Michael Pettis

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Michael Pettis is Professor of Finance at Peking University and a senior associate at the Carnegie Endowment.

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  4. stark8_ Arne Dedertpicture alliance via Getty Images_ecb Arne Dedertpicture alliance via Getty Images

    The ECB's Existential Dilemma

    Jürgen Stark, et al.

    For years, the European Central Bank has been succumbing to political interests and pursuing objectives beyond the scope of its primary mandate: maintaining price stability. But now that inflationary pressures are building, the ECB’s credibility is on the line.

     warns that the European Central Bank’s politicization will catch up to it in the new inflationary environment.
    1

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