All posts by David Marsh

Central bankers will become heroes by retreating from inflation fray

Central bankers will become heroes by retreating from inflation fray

How to gain popularity – and lose independence ...
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Return of guns and butter: war, inflation and central banks

Return of guns and butter: war, inflation and central banks

Lessons of the 1960s – how William McChesney Martin’s errors could haunt Powell, Lagarde and Bailey ...
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A new front in ECB’s psychological war over tighter money

A new front in ECB’s psychological war over tighter money

Hawkish call on asset purchases and interest rates could widen Europe’s spreads ...
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Scholz, Draghi summit: accord and divergence on EMU plans

Scholz, Draghi summit: accord and divergence on EMU plans

German political realignment will influence Rome meeting ...
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Nagel, convivial central banking heavyweight, takes Bundesbank helm

Nagel, convivial central banking heavyweight, takes Bundesbank helm

German inflation at 6% guides Scholz choice for robust ‘safe pair of hands’ ...
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Inflation reaction: US, UK from Mars, Europe from Venus

Inflation reaction: US, UK from Mars, Europe from Venus

ECB unveils ‘flexible response’ in contrast to Anglo-Saxon activism ...
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ECB heads for end-year tension over higher inflation

ECB heads for end-year tension over higher inflation

Discord building over minority council view on interest rate sequencing ...
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Memo to Chancellor Scholz: ‘Sustainable investment not real estate’

Memo to Chancellor Scholz: ‘Sustainable investment not real estate’

McKinsey study on how QE has inflated world assets sets marker for Berlin government ...
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Look at 1960s, not 1970s, to learn how US inflation took hold

Look at 1960s, not 1970s, to learn how US inflation took hold

McChesney Martin’s mishaps provide warning signals for Jay Powell ...
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Italy and France advance in German agenda

Italy and France advance in German agenda

Scholz’s Draghi connection forged in ECB repair campaign ...
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Scholz’s five tasks for Germany and Europe

Scholz’s five tasks for Germany and Europe

Quiet man from Hamburg with a touch of Atlee and Delors ...
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Germany heads for pro-European centrism in complex post-Merkel switch

Germany heads for pro-European centrism in complex post-Merkel switch

More balanced constellation with France, Italy could speed ECB tightening ...
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