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BIS: Monetary policy cannot be engine of economic growth
In its Annual Economic Report, the Bank for International Settlements calls for structural reforms, fiscal policy and macroprudential measures to play a greater role in ensuring sustainable growth. The report states that
“monetary policy cannot be the engine of economic growth”
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The digital euro – an opportunity for Europe Speech at CashCon 2022
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Weidmann: No evidence that non-standard monetary policy measures have increased distributional inequality
Bundesbank President Jens Weidmann says that non-standard monetary policy measures can have a variety of effects on income and wealth distribution. “Much like conventional interest rate policy, the non-standard measures are more likely to have reduced income inequality,” he said in a speech in Hamburg.
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Prospects for Europe and the euro area Speech delivered at the Centre for European Policy
Bundesbank President Jens Weidmann has spoken out in favour of making the rules on debt more binding. "It would be helpful for the rules of the Stability Pact to be simplified," he said in a speech delivered in Freiburg. Furthermore, Mr Weidmann added, a more rigorous interpretation of the rules could be achieved by giving responsibility for fiscal surveillance to an independent authority instead of the European Commission.
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Keynote speech: The role of the renminbi in international payments 5th European-Chinese Banking Day as part of the Euro Finance Week
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Current challenges in Europe – a central banker’s perspective Speech at Money Marketeers of New York University