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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. bildt122_Mikhail SvetlovGetty Images_trumpputin Mikhail Svetlov/Getty Images

    Trump Is Putin’s Only Hope Now

    Carl Bildt considers the implications of Ukraine finally receiving the Western military aid it has been waiting for.
  2. frankel159_Getty Images_customer service Getty Images

    How to Rebuild Trust in Public Institutions

    Eleanor Carter & Carolyn J. Heinrich highlight the value of face-to-face interactions at a time when governments are phasing out in-person services.
  3. isenberg1_TIMOTHY A. CLARYPOOLAFP via Getty Images_trumptrial Timothy A. Clary/Pool/AFP via Getty Images

    Is Trump Above the Law?

    Nancy Isenberg

    Contrary to what former US President Donald Trump would have the American public believe, no president enjoys absolute immunity from criminal prosecution. To suggest otherwise is to reject a bedrock principle of American democracy: the president is not a monarch.

    explains why the US Supreme Court must reject the former president's claim to immunity from prosecution.
  4. deryugina1_BEN BIRCHALLPOOLAFP via Getty Images_ukraineflagsoldier Ben Birchall/Pool/AFP via Getty Images

    Ukraine Is Far From Doomed

    Tatyana Deryugina & Anastassia Fedyk

    When comparing Ukraine’s situation in 2024 to Europe’s in 1941, Russia’s defeat seems entirely possible. But it will require the West, and the US in particular, to put aside domestic political squabbles and muster the political will to provide Ukraine with consistent and robust military and financial assistance.

    compare Russia's full-scale invasion to World War II and see reason to hope – as long as aid keeps flowing.
  5. glennerster2_Scott OlsonGetty Images)_vaccines Scott Olson/Getty Images)

    The Pandemic Financing Developing Countries Need

    Rachel Glennerster urges multilateral development banks to establish mechanisms that enable at-risk vaccine purchases.
  6. krueger74_AFP via Getty Images_nigercoup AFP via Getty Images

    The Geopolitics of Africa’s Debt Crisis

    Anne O. Krueger urges developed countries to back efforts by the IMF and the World Bank to promote growth-enhancing reforms.
  7. palacio156_ Georg Moritzpicture alliance via Getty Images_immigation Georg Moritz/picture alliance via Getty Images

    Why the EU’s New Migration Pact Matters

    Ana Palacio applauds the pragmatic coalition-building, especially by Italy’s Giorgia Meloni, that enabled the deal.
  8. kirchschlager1_Fatih AktasAnadolu Agency via Getty Images_AI Fatih AktasAnadolu Agency via Getty Images

    AI Needs UN Oversight

    Peter G. Kirchschläger calls for the creation of a watchdog – similar to the IAEA – that employs a human rights-based approach.
  9. chellaney_VCGVCG via Getty Images_china military VCG/VCG via Getty Images

    The West Is Hastening Its Own Decline

    Brahma Chellaney argues that the unprecedented US and European sanctions against Russia are backfiring.

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