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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. surui1_ Juancho TorresAnadolu Agency via Getty Images)_biodiversity Juancho Torres/Anadolu Agency via Getty Images
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    Making Biodiversity Credits Work

    Almir Narayamoga Suruí & Simon Zadek suggest how to realize the potential of this innovative mechanism for financing nature conservation.
  2. sierakowski111_Omar MarquesGetty Images_donaldtusk Omar Marques/Getty Images
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    Polish Democracy’s Winter of Discontent

    Sławomir Sierakowski explains why enthusiasm for the country’s ruling coalition has waned over the past year.
  3. cferguson2_Uwe Anspachpicture alliance via Getty Images_remote work Uwe Anspach/picture alliance via Getty Images
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    What Remote Work Can Do for Global Development

    Charles Ferguson points out that the decoupling of economic activity from geographic location has only just begun.
  4. zizek38_HANNAH MCKAYPOOLAFP via Getty Images_macron HANNAH MCKAY/POOL/AFP via Getty Images
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    Saving Democracy from Itself

    Slavoj Žižek applauds French President Emmanuel Macron’s maneuvering to keep the far right at bay.
  5. khrushcheva186_ CHANDAN KHANNAAFP via Getty Images_border patrol Office of Inspector General/Department of Homeland Security via Getty Images
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    First Trump Came for the Immigrants

    Nina L. Khrushcheva warns that mass deportations will carry high costs, not just for the economy, but for America’s soul.
  6. op_batista1_BRENDAN SMIALOWSKIAFP via Getty Images_georgievaIMF Brendan Smialowski/AFP via Getty Images
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    Will the IMF Survive to 100?

    Paulo Nogueira Batista, Jr. & Robert H. Wade

    The World Trade Organization's precipitous decline into irrelevance should serve as a warning to the International Monetary Fund's shareholder governments, its management, and everyone who values multilateral economic cooperation. In a rapidly changing world, global institutions must reform or die.

     propose incremental changes to keep developing and emerging economies on board and engaged.
  7. merz1_Chris Emil Janßen - PoolGetty Images_biden eu Chris Emil Janßen - Pool/Getty Images
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    European Security Cannot Be Found in the Past

    Friedrich Merz

    The old Europe of the Cold War sought comfort in the past and confidence in the solitary US leadership that defined the era. Unfortunately, when it comes to its own security, Europe seemingly remains in a time warp, stuck somewhere before 1989.

     laments that nostalgia for US leadership unites a continent that must define the decisive action needed now.
  8. desalegn2_Gabriel AponteGetty Images_cop16 Gabriel Aponte/Getty Images
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    The Biodiversity Crisis Is a Security Crisis

    Hailemariam Desalegn urges governments to recognize that the degradation of ecosystems poses a major threat to global stability.
  9. campanella29_ John MooreGetty Images_voting John Moore/Getty Images
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    The US Election and the Crisis of Whiteness

    Edoardo Campanella sees long-term demographic trends driving the country’s increasingly divisive politics.

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