Thread by @krippenreiter

[1/🧵] A short synopsis of Joachim Nagel's most recent speech on the future of #economic and #monetary union, presented and released by @OMFIF (@OMFIFDMI). 👇

[2/7] Joachim Nagel, a member of the @bundesbank's Executive Board, discusses:
🔸 #Inflation
🔸 #Monetary policy
🔸 #Fiscal development, ...

... among other topics.

[3/7] According to Nagel, the ongoing #energy #crisis in #Ukraine has resulted in:
🔸 Greater #inflation
🔸 Higher #energy prices ...

... influencing:
🔸 #Industrial costs
🔸 #Financial insecurity.

[4/7] He advocates for:
🔸 Tighter #fiscal policy in the #Eurozone
🔸 More binding and transparent #fiscal #regulations ...

... to better coordinate with #monetary #policy.

[5/7] Nagel also underlines the need of:
🔸 Healthy public #finances
🔸 Clear and #transparent #fiscal #framework in sustaining #price stability.

He thinks that in order to achieve price stability, both #central #banks and fiscal #policymakers must take responsibilities.

[6/7] Nagel also recommends #economics and #finance #students to focus on intriguing themes such as:
🔸 The #economy's long-term development
🔸 The interplay between #monetary #policy and #financial stability
🔸 The limits of #economic models in coping w/ unforeseen occurrences

[7/7] He encourages #students to enjoy their #studies and emphasizes that they are taking place during one of the most exciting periods in the last two decades.

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