Ornella Tettaravou

@ECB DG Monetary Policy Div. Monetary Analysis @MSQ Quantitative Economics @Goetheuni Pre-Doc @FrankfurtSchool 🇩🇪 MS Applied Economics @SorbonneParis1 🇫🇷

[Ornella Tettaravou @OrnellaT__]

I was delighted to meet @Lagarde. A remarkable woman and a true role model, she inspires me with her strength, wisdom and kindness. Thank you for your words of encouragement, that means a lot to me. Merci infiniment!

[Christine Lagarde @Lagarde]

My warm congratulations to Robert E. Hall and Michael Woodford on being awarded the Nobel Prize in Economics!

Your research on economic stabilisation has greatly improved our understanding of people's economic decisions and strengthened the foundations for effective policy.

[The Nobel Prize @NobelPrize]

2026 economic sciences laureate Michael Woodford’s economic model has made it possible to respond to supply shocks more effectively.

Various types of shocks can disrupt the balance between supply and demand. A negative supply shock could be a commodity shortage, while a positive supply shock could be a technological breakthrough that makes the production of large volumes cheaper and easier. A positive demand shock could be good news about the future that increases households’ consumption, and a negative one the opposite news. If the balance is disrupted, it can be reset using a stabilisation policy that reduces demand (to the left) or increases it (to the right).

#NobelPrize

[Christine Lagarde @Lagarde]

People often choose Frankfurt for career opportunities, but stay for its quality of life and sense of community. Culture helps make a city feel like home. It certainly does for me.

This was my main message at the panel discussion at the Season Opening of the Alte Oper.

[Ornella Tettaravou @OrnellaT__]

“And I’m dedicating that not only to my grandchildren, but to all girls that are keen to progress professionally.”

Looking forward to reading the book🫶

[Ornella Tettaravou @OrnellaT__]

Beyond the monetary policy discussion, a few words from @Lagarde press conference yesterday:

“[…] how a little girl coming from nowhere can become someone, without necessarily having been born in the right family, having had enough money, or going to the right schools.”

[Christine Lagarde @Lagarde]

Europe faces a choice: who we are, and who we rely on.

That was my main message tonight at a dinner with German President Steinmeier, hosted by the Deutsche Bundesbank.

Read my speech https://t.co/lWnViSOxw6

[Gita Gopinath @GitaGopinath]

Had an enjoyable day at the Paris-CEPR policy forum starting with an excellent meeting with the new Governor of @banquedefrance @moulinem, then recorded a podcast with ECB chief economist Philip Lane, and later delivered a keynote on global imbalances,

[Ornella Tettaravou @OrnellaT__]

I borrowed a line from Bertrand Russell: that the challenge we face is learning « how to live without certainty, and yet without being paralysed by hesitation. » Christine Lagarde

[Christine Lagarde @Lagarde]

Happy International Women's Day!

To mark the occasion, I sat down with @elle_es for a wide-ranging interview on women's economic independence, my career and our @ecb EuroSteps Challenge.

Read the interview https://t.co/ScC90BnW4E

[European Central Bank Research @ECB_Research]

New @ecb Working Paper by C. Altavilla, R. S. Gürkaynak, L. Laeven, T. Kind “Monetary transmission with frequent policy events” https://t.co/d6LZjW3Nqd

[Christine Lagarde @Lagarde]

I sat down with Bloomberg’s Francine Lacqua to share my story as part of her series of interviews with leaders.

We talked about the defining moments in my life and career, my leadership philosophy, and my perspective on global challenges.

https://t.co/DQsyURgHZu

[Florin Bilbiie 🇪🇺 🇺🇦 @FlorinBilbiie]

Inside:
A reinterpretation of NK through a Keynesian Cross lens
Analytical TANK mechanisms/amplification
THANK: inequality, risk, transitions, MPCs, precautionary saving
(Il)Liquidity
Inequality, business-cycles &
(Optimal) Monetary & fiscal policy
Liquidity traps & r* in HA
4/n

[NBER @nberpubs]

Tariff shocks can lead to short-run recessions, as consumers both at home and abroad postpone purchases. These recessions outweigh the traditional welfare effects of tariffs, from @a_auclert, Matthew Rognlie, and @ludwigstraub https://t.co/Yrxfx93c84

[Bundesministerium der Finanzen @BMF_Bund]

„Die bisherigen Beratungen zeigen, dass es möglich ist, Stabilität und Zukunftsfähigkeit gleichermaßen Rechnung zu tragen“, sagt Bundesfinanzminister @larsklingbeil bei einer Sitzung der Expertenkommission für die Modernisierung der Schuldenregel.

Vier Arbeitsgruppen haben seit Mitte September wesentliche Handlungsfelder erörtert und erste Bereiche für eine gemeinsame Verständigung identifiziert. Die Komission plant, ihren Abschlussbericht im 1. Quartal 2026 vorzulegen.

https://t.co/cxP9lm00c2 #Schuldenbremse

[Philippe Aghion @Ph_Aghion]

Heureux de participer la semaine prochaine aux #JÉco de Lyon :
- Mercredi 5/11 à 11h : Réconcilier concurrence et politique industrielle
- Jeudi 6/11 à 9h : Remettre la science au cœur du débat public : qu’est ce qui fait vérité dans les débats aujourd’hui ?

[Xavier Jaravel @XJaravel]

[1/20] Comment stabiliser la dette publique ? Quel est le bon rythme d’ajustement ? Quels leviers budgétaires mobiliser ? C’est à ces questions ambitieuses que s’attaque la dernière publication @CAEinfo, pour nourrir le débat parlementaire 👇��👇👇
https://t.co/KDpkPVIwu4

[The Nobel Prize @NobelPrize]

BREAKING NEWS
The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” with one half to Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Aghion and Howitt “for the theory of sustained growth through creative destruction.”

#NobelPrize

[Ornella Tettaravou @OrnellaT__]

« Il faut se mesurer avec les idées en allemand, avec les personnes en français ; il faut creuser à l’aide de l’allemand, il faut arriver au but en parlant français ; l’un doit peindre la nature, et l’autre la société. » De l’Allemagne, Germaine de Staël

[Élysée @Elysee]

EN DIRECT | Remise du titre de Docteur Honoris Causa au Président @EmmanuelMacron par la Faculté des Sciences humaines de l'Université de Sarre. https://t.co/ZO4B2osxub

[Bundesministerium der Finanzen @BMF_Bund]

Der #Wachstumsbooster kommt: Der @bundesrat hat dem steuerlichen Investitionssofortprogramm mit Super-Abschreibungen und gezielten Steuererleichterungen zugestimmt. Damit sichern wir Arbeitsplätze und bringen Deutschland wieder auf Wachstumskurs. Details: https://t.co/DoHw82B7bu

[Lukasz Rachel @LukaszRachel]

We use the beautiful @ojblanchard1-Yaari NK model. We call it HANK as it mirrors same mechanisms and intuitions (Farhi-@IvanWerning). The main thing: deficits and debt directly affect demand, and inflation devalues nominal assets: rich and realistic two-way interaction. 3/N