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Stefan Gerlach

Stefan Gerlach

13 commentaries

Stefan Gerlach, Chief Economist of EFG Bank in Zurich, is a former executive director of the Hong Kong Monetary Authority and a former deputy governor of the Central Bank of Ireland.

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  1. The Limits of Central-Bank Independence
    gerlach13_ROSLAN RAHMANAFP via Getty Images_central banks ROSLAN RAHMAN/AFP via Getty Images

    The Limits of Central-Bank Independence

    Aug 1, 2024 Stefan Gerlach reminds monetary policymakers that they are ultimately reliant on political consensus, not law.

  2. Inflation Targeting Isn’t for Everyone
    gerlach12_ROSLAN RAHMANAFP via Getty Images_MAS ROSLAN RAHMAN/AFP via Getty Images

    Inflation Targeting Isn’t for Everyone

    Mar 7, 2024 Stefan Gerlach thinks small, open economies would do better with strategies tailored to their own unique circumstances.

  3. Crunch Time for Central Banks
    gerlach11_getty images_green finance Getty Images

    Crunch Time for Central Banks

    Sep 15, 2020 Stefan Gerlach urges monetary policymakers to respond to shifting public sentiment on inequality and the environment.

  4. Who Can Influence the ECB?
    gerlach10_Sean GallupGetty Images_ECBsignbuilding Sean Gallup/Getty Images

    Who Can Influence the ECB?

    Oct 4, 2019 Stefan Gerlach urges eurozone governments not to nominate inflexible candidates to the European Central Bank's Executive Board.

  5. It’s Time for the ECB to Put QE on Hold
    gerlach9_Ralph OrlowskiGetty Images_eurozone Ralph Orlowski/Getty Images

    It’s Time for the ECB to Put QE on Hold

    Sep 9, 2019 Stefan Gerlach argues that the eurozone does not need additional monetary stimulus for the time being.

  1. toubeau1_ Maja HitijGetty Images_marzvonderleyenweber Maja Hitij/Getty Images
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    Europe’s New Power Trio

    Simon Toubeau foresees Friedrich Merz, Ursula von der Leyen, and Manfred Weber boosting the bloc’s security and economy.
  2. ostry6_Anadolu GettyImages_canada_axe_the_tax Anadolu/Getty Images
    1

    Canada Must Learn From the Green Backlash

    Jonathan D. Ostry calls for climate policies to reflect social realities, instead of being based solely on economic efficiency.
  3. moyo33_Michael M. SantiagoGetty Images_USstockmarket Michael M. Santiago/Getty Images
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    Will There Be a Sustained US Market Selloff?

    Dambisa Moyo identifies several indicators that investors and business leaders should keep an eye on.
  4. ahuq7_Jim WatsonGettyImages_trump_executive_order Jim Watson/Getty Images
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    Trump’s Tariffs Are Illegal, but That Won’t Matter

    Aziz Huq sees an unlawful trade war as a window into America’s crumbling constitutional order.
  5. phassan1_Nava JamshidiGetty Images_afghanistanwomen Nava Jamshidi/Getty Images
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    Let Afghan Women Lead

    Palwasha Hassan & Shafiqa Khpalwak urge the international community to support some of the world's most repressed yet tenacious people.
  6. sierakowski116_Andrew HarnikGetty Images_trumpvancezelensky Andrew Harnik/Getty Images
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    Saving Ukraine

    By choosing to side with the aggressor in the Ukraine war, President Donald Trump’s administration has effectively driven the final nail into the coffin of US global leadership. Unless Europe fills the void – first and foremost by supporting Ukraine – it faces the prospect of more chaos and conflict in the years to come.

  7. op_livingston6_cienpies_handsmoney cienpies/Getty Images
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    Abundance and Its Discontents

    James Livingston

    For most of human history, economic scarcity was a constant – the condition that had to be escaped, mitigated, or rationalized. Why, then, is scarcity's opposite regarded as a problem?

     asks why the absence of economic scarcity is viewed as a problem rather than a cause for celebration.
  8. elerian175_Spencer PlattGetty Images_nyse Spencer Platt/Getty Images
    Free to read
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    What Role for the Bond Vigilantes?

    J. Bradford DeLong, et al. consider whether the return of the “bond vigilantes” will become a persistent issue for major economies
  9. blanchard17_Money SharmaGettyImages_von_der_leyen_modi Money Sharma/Getty Images
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    Maintaining Progress in a Post-American World

    Olivier Blanchard & Jean Pisani-Ferry identify four big global challenges that can still be tackled through “coalitions of the willing.”

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