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Otmar Issing

Otmar Issing

16 commentaries

Otmar Issing, former chief economist and member of the board of the European Central Bank, is Honorary President of the Center for Financial Studies at Goethe University Frankfurt.

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  1. Can the ECB Escape Its Own Trap?
    issing16_Andreas RentzGetty Images_christinelagarde Andreas Rentz/Getty Images

    Can the ECB Escape Its Own Trap?

    Jun 7, 2023 Otmar Issing examines the policy dilemma facing central banks as they try to shrink their bloated balance sheets.

  2. The ECB’s Political Overreach
    issing15_Boris Roesslerpicture alliance via Getty Images_ecb Boris Roessler/picture alliance via Getty Images

    The ECB’s Political Overreach

    Jul 27, 2022 Otmar Issing thinks a new asset-purchase program will push the central bank further into a domain where it doesn't belong.

  3. The High Stakes of Rising Inflation
    issing14_OLIVIER DOULIERYAFP via Getty Images_fed reserve inflation OLIVIER DOULIERYAFP via Getty Images

    The High Stakes of Rising Inflation

    Nov 30, 2021 Otmar Issing warns that growing pressure on prices is a global phenomenon, posing a crucial test for central banks.

  4. The Return of Inflation?
    issing13_Getty Images_inflation Getty Images

    The Return of Inflation?

    Jul 16, 2021 Otmar Issing worries that central banks are ignoring potential new sources of upward price pressure and uncertainty.

  5. The MMT Myth
    issing12_matthiashaas_getty Images_printing money mmt Matthias Haas/Getty Images

    The MMT Myth

    Nov 3, 2020 Otmar Issing explains why Modern Monetary Theory amounts to (poisonous) old wine in a new bottle.

  1. kuttab59_AFP via Getty Images_hamas war AFP via Getty Images

    The Middle East Needs a Ceasefire Now

    Daoud Kuttab explains why the latest escalation could lead to a truce instead of an all-out military showdown.
  2. moreiradasilva2_JOHN WESSELSAFP via Getty Images_internally displaced mozambique JOHN WESSELS/AFP via Getty Images

    Overcoming the Development-Project Implementation Gap

    Jorge Moreira da Silva highlights ways to strengthen the International Development Association’s already-powerful impact.
  3. diwan27_ LUIS TATOAFP via Getty Images_kenya green energy LUIS TATO/AFP via Getty Images

    Developing Countries’ Liquidity Crisis Is Not Over

    Ishac Diwan & Vera Songwe urge global policymakers to prevent mass insolvency and finance urgent climate projects.
  4. rodrik221_SAUL LOEBAFP via Getty Images_bidenintel Saul Loeb/AFP via Getty Images

    America’s Manufacturing Renaissance Will Create Few Good Jobs

    Dani Rodrik

    Many countries’ recent experiences show that boosting manufacturing employment is like chasing a fast-receding target. Automation and skill-biased technology have made it extremely unlikely that manufacturing can be the labor-absorbing activity it once was, which means that the future of “good jobs” must be created in services.

    shows why policies to boost employment in the twenty-first century ultimately must focus on services.
  5. GettyImages-148081044

    Minxin Pei on China’s economy, surveillance state, repression of dissent, and more

    Minxin Pei doubts China’s government is willing to do what is needed to restore growth, describes the low-tech approaches taken by the country’s vast security apparatus, considers the Chinese social-credit system’s repressive potential, and more.
  6. alton1_ Mark KerrisonIn Pictures via Getty Images_end genocide protest Mark Kerrison/In Pictures via Getty Images

    Who Should Decide If It’s Genocide?

    David Alton, et al. urge British policymakers to take a proactive approach to addressing mass-atrocity crimes.
  7. jlevy3_MANDEL NGANAFP via Getty Images_imfworldbankmeetings Mandel Ngan/AFP via Getty Images

    The Bretton Woods Institutions We Need

    Joaquim Levy, et al. explain how the International Monetary Fund and the World Bank can rise to current global challenges.
  8. gill6_NIPAH DENNISAFP via Getty Images_poverty NIPAH DENNIS/AFP via Getty Images

    The World Cannot Afford to Ignore the Poorest Countries

    Indermit Gill & M. Ayhan Kose warn that a growing gap between the world’s haves and have-nots will undercut global goals.
  9. summers14_TONY KARUMBAAFP via Getty Images_sudanfamine Tony Karumba/AFP via Getty Images

    The World Is Still on Fire

    Lawrence H. Summers & N.K. Singh

    For the last several years, world leaders have made big promises and laid out bold plans to mitigate the climate crisis and help the neediest countries adapt. At this year's World Bank/IMF Spring Meetings, they must demonstrate that they can fulfill these promises, rather than simply touting new ones.

    think policymakers need to get four things right to shore up the credibility of the international system.

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