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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. wallach2_Frederic J. BrownGettyImages_us_port Frederic J. Brown/Getty Images

    What Trump’s Tariff Critics Are Getting Wrong

    Lori Wallach laments the Democratic Party’s misguided criticism of a potentially effective policy tool.
  2. palacio167_Picture AllianceGettyImages_hydrogen_pipeline_germany Picture Alliance/Getty Images

    Europe’s Security Depends on a European Energy Union

    Ana Palacio advocates a pragmatic approach to reviving the EU’s competitiveness and bolstering its strategic autonomy.
  3. kalemliozcan5_Burak KaraGettyImages_istanbul_protests Burak Kara/Getty Images

    Authoritarianism Is Turkey’s Biggest Economic Risk

    Şebnem Kalemli-Özcan

    More than just a popular mayor, Ekrem İmamoğlu is a national symbol of the political pluralism and democratic possibility that Turkish President Recep Tayyip Erdoğan has sought to quash. Given the precarious state of the Turkish economy, his sudden arrest and imprisonment may prove to be the last straw.

    believes the current mass protests are about more than the arrest of the country’s leading opposition figure.
  4. lee55_TANG CHHIN SOTHYAFP via Getty Images_asean+3 Tang Chhin Sothy/AFP via Getty Images

    Asia Must Unite to Survive Trump 2.0

    Lee Jong-Wha highlights ways the region's economies can boost their resilience and global influence.
  5. gabriel15_Justin Tallis - WPA PoolGetty Images_EUcoalitionofthewilling Justin Tallis/WPA/Pool/Getty Images

    Europe and the Next World Order

    Sigmar Gabriel & Peter Eitel observe that the continent has once again become the fulcrum of global politics.
  6. hausmann121_Artur WidakNurPhoto via Getty Images_applestoreasia Artur Widak/NurPhoto via Getty Images

    Trump’s $16 Trillion Trade Blind Spot

    Ricardo Hausmann identifies the fundamental flaw in the administration’s efforts to dismantle the postwar international order.
  7. roach176_Morris MacMatzenGettyImages_hamburg_port Morris MacMatzen/Getty Images

    A World Turned Inside Out

    Stephen S. Roach

    The geostrategic shock that has accompanied Donald Trump’s return to the White House is the functional equivalent of a full-blown crisis. It is likely to have a lasting impact on the US and Chinese economies, and the contagion is almost certain to spread throughout the world through cross-border trade and capital flows.

    likens Donald Trump’s reversal of America’s global leadership role to a full-blown crisis, similar to COVID-19.
  8. GettyImages-465335816

    Jorge Heine on the BRICS, active non-alignment, the US dollar, and more

    Jorge Heine urges the Organization of American States to demonstrate leadership in Haiti, shows how small countries can implement a foreign policy based on active non-alignment, calls on China and Europe to diversify the global monetary system, and more.
  9. fengler4_SIMON MAINAAFP via Getty Images_africadigitalbank Simon Maina/AFP via Getty Images

    Financial Inclusion Must Reach the Last Billion

    Wolfgang Fengler explains why economic growth alone is not enough to extend the ladder of opportunity to all.

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