Energy Central Bank (Finrestra podcast S2E01)
The European Central Bank is fighting energy-driven inflation by hiking interest rates.
But what if there's a better way?
In this episode, I describe my proposal for a European Green Infrastructure Company, funded by the ECB.
The ECB could have used the years of below-target inflation and high unemployment to accelerate the transition to a zero-carbon economy.
This would have made the euro area less dependent on imported fossil fuels.
And I argue that this proposal is more in line with the ECB's mandate. For example, the ECB would not have bought goverment bonds (monetary financing of governments is prohibited).
Further reading/listening/watching:
The plan: http://blog.janmusschoot.be/2017/11/1...
Podcast with Nick de Boer:
• #13: Nik de Boer on the ECB's neglected se... (part 1)
• #14: Nik de Boer on the ECB's neglected se... (part 2)
My research on inflation in Europe: • What caused inflation?
(also available in text: http://blog.janmusschoot.be/2022/09/2...)
My research on the ECB's interest rate hikes: • ECB interest rate hikes explained