Rolf Strauch

Chief Economist of the @ESM_Press. The ESM is the crisis resolution mechanism for euro area countries. #ESMeuro

[Rolf Strauch @r_strauch]

This Episode 10 of #ESMLunchTalk offers a deep and diverse discussion on crisis mangement and the interaction of monetary and fiscal policy.

A highlight for everyone interested in the topic!

I thank @JohnHCochrane and Natacha Valla for joining in and the engaged conversation

[ESM @ESM_Press]

▶️ It’s out! Episode 10 of the #ESMLunchTalk.

Join ESM Chief Economist @r_strauch in studio with @natacha_valla, Dean of the @sciencespo School of Management and Innovation and @JohnHCochrane, Senior Fellow at the @HooverInst, @Stanford University as they dive into a lively debate about all matters 𝗰𝗿𝗶𝘀𝗲𝘀, 𝗰𝗿𝗶𝘀𝗶𝘀 𝗽𝗿𝗲𝗽𝗮𝗿𝗲𝗱𝗻𝗲𝘀𝘀, and 𝗲𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝘁𝗵𝗿𝗲𝗮𝘁𝘀 𝘁𝗼 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆.

The trio discusses 𝗻𝗲𝘄 𝘀𝗼𝘂𝗿𝗰𝗲𝘀 𝗼𝗳 𝗰𝗿𝗶𝘀𝗲𝘀 and the different vantage points from which crises could be viewed and analysed: governments, central banks, and the ESM.

Together they uncover that 𝗹𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗶𝘀𝘀𝘂𝗲𝘀 remain a lingering concern but also identify that many past crisis drivers are still in place. They stressed the need for governments to keep 𝗵𝗲𝗮𝗹𝘁𝗵𝘆 𝗯𝘂𝗱𝗴𝗲𝘁𝘀 and have 𝗳𝗶𝗿𝗺 𝗰𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁 𝗱𝗲𝘃𝗶𝗰𝗲𝘀 in place.

An analysis of the 𝘁𝗼𝗼𝗹𝘀 𝗻𝗲𝗲𝗱𝗲𝗱 𝗳𝗼𝗿 𝗰𝗿𝗶𝘀𝗶𝘀 𝗳𝗶𝗴𝗵𝘁𝗶𝗻𝗴 indicated that several tools dating from past crises, remain, and have been brought forward. Even though our discussants had some divergence on the efficacy and uptake of these, they agreed that these tools should stay related to 𝗽𝗿𝗲𝘀𝗲𝗿𝘃𝗶𝗻𝗴 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 and creating the right incentives for governments.

The 𝗿𝗶𝘀𝗲 of 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀, their impact on shaping the future, and their risks and benefit trade-offs, kicked the conversation into a new gear!

While distinctly US vs European perspectives emerged and took shape in this part of the discussion, all could agree on the fact that the ESM had indeed been and remains to be essential in 𝘀𝗮𝗳𝗲𝗴𝘂𝗮𝗿𝗱𝗶𝗻𝗴 the 𝗶𝗻𝘁𝗲𝗴𝗿𝗶𝘁𝘆 of the 𝗲𝘂𝗿𝗼 𝗮𝗿𝗲𝗮.

🎧🎥 Tune in now for this fantastic discussion!

▶️𝗦𝗽𝗼𝘁𝗶𝗳𝘆: https://t.co/UhpAdVP3vV
▶️𝗬𝗼𝘂𝗧𝘂𝗯𝗲: https://t.co/ByL8qaddGS
🔖 Bookmark for later.

Subscribe to our YouTube channel🔔: https://t.co/3YqyFJQkki
Follow us on Spotify: https://t.co/3Wa0aqMUsK

#ESMEuro

[Project Syndicate @ProSyn]

A troubling trend has emerged across Asia, Latin America, and Europe: countries are running persistent fiscal deficits to restore growth and cover higher debt-service costs, note Hoe Ee Khor, @r_strauch, and Carlos Giraldo. https://t.co/QhcM5dEF2s

[ESM @ESM_Press]

ESM MD @pierregramegna and Management Board members welcomed Prof. @bweder from the @GVAGrad of International and Development Studies who gave a keynote speech on strategic autonomy as a public good during the conference dedicated to this topic at the ESM.

[SUERF - The European Money and Finance Forum @suerf_org]

#SUERFpolicybrief "Fiscal-monetary interactions – lessons from the recent experience" by @r_strauch (@ESM_Press) compares #fiscal #monetary interactions in the #euroarea an the #US since 2019.

📄Available at this link: https://t.co/xIsiosm6lg

[ESM @ESM_Press]

🌍 This week the ESM will be at #COP29Azerbaijan in Baku.

Climate change has profound macroeconomic and financial stability implications.

Discussions will build on our research. Read latest by @r_strauch: https://t.co/hNj8dcOWwT

Join us! Livestream links to come soon

[ESM @ESM_Press]

Great conversation between @r_strauch & @lperezobregon at @EUI_FBF_School. Read the article or watch the interview, below.

[ESM @ESM_Press]

ESM Chief Economist @r_strauch and other European representatives had a good discussion with IMF's First Deputy Managing Director @GitaGopinath about global challenges.

#ESMeuro #IMFmeetings

[ESM @ESM_Press]

ESM Chief Econ @r_strauch met IMF Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian and Tuomas Saarenheimo, Chairman of the Economic and Financial Committee.

They discussed risks to global financial stability.

#ESMeuro #IMFmeetings

[ESM @ESM_Press]

Good meeting with @pogourinchas, IMF's Economic Counsellor and Director of Research and his team, to discuss key takeaways of the World Economic Outlook.

#ESMeuro #IMFmeetings @r_strauch

[ESM @ESM_Press]

Constructive discussion between ESM Chief Economist @r_strauch, Tuomas Saarenheimo, and European Department Director Alfred Kammer during the #IMFmeetings.

They discussed key challenges in the euro area.

#ESMeuro @IMFinEurope

[ESM @ESM_Press]

Like you - our youth - the 💶 is 🔑 to our future.

🔜 ESM Chief Economist @r_strauch & Marialena Athanasopoulou, Deputy Head of Economic Risk Analysis, will address @bse_barcelona students on the value of unity & the 💶 in the next #ESMYouthTalk.

How has the 💶 benefited you?

[ESM @ESM_Press]

In an interview, ESM Chief Economist @r_strauch discussed ageing, current debt dynamics and pressures on public finances in the #euro area and Portugal.

👉Interview: https://t.co/RriDCBWksM
✍In-depth analysis️ on demographics: https://t.co/pwfwPfwKy1

#ESMeuro @JNegocios

[ESM @ESM_Press]

ESM’s @r_strauch joins @KlaasKnot @agnesbq1 at #EEAESEM24 to discuss the euro area fiscal-monetary response to the crisis. While fiscal policy has been more efficient, compared to the US, it risks leading to further economic fragmentation.

https://t.co/wE4W4IHxyb

@EEANews

[Pierre Gramegna @pierregramegna]

It was a pleasure to welcome MD of IMF @KGeorgieva at the headquarter of the #ESM today in Luxembourg. Both institutions are key for safeguarding financial stability . Our high quality cooperation will grow in these challenging times of political and economic uncertainty. PG

[Rolf Strauch @r_strauch]

Fantastic to see the value students attach to the euro during my #ESMYouthTalk - the first generation growing up with our common currency.

[ESM @ESM_Press]

💶 How did the euro become a symbol of European unity?

During his #ESMYouthTalk at the Athens University of Economics and Business, ESM Chief Economist @r_strauch retraced the history of the euro and spoke with students about its value of unity.

Slides https://t.co/i9eR3CCQTA

[ESM @ESM_Press]

🇪🇺 The youth are the future of the EU

This is why, in the latest #ESMYouthTalk, ESM Chief Economist @r_strauch spoke with students from the Athens University of Economics and Business about the value of unity and the euro.

See the slides https://t.co/eJkQrKyhFm

[ESM @ESM_Press]

🌍 Geo-economic fragmentation: what’s the role of RFAs?

In an #ESMblog, ESM Secretary General Nicola Giammarioli & ESM Chief Economist @r_strauch investigate why regional rescue funds are crucial to global economic & financial stability.

Learn more now: https://t.co/MbVEaCyIAf

[ESM @ESM_Press]

🇬🇷 During his #ESMYouthTalk, ESM Chief Economist @r_strauch spoke with students from the Athens University of Economics and Business about the value of unity and the euro.

See his slides here: https://t.co/dtvZeQuAB4

[Rolf Strauch @r_strauch]

On our growth outlook - is the euro area a 1% or 2% economy?

Answers to this question and a deep dive into inflation, monetary and fiscal policy, European government bond markets and more in a incisive @ESM_Press presentation: https://t.co/A1qO43EI3W
#ESMeuro #economy

[Rolf Strauch @r_strauch]

It was a pleasure to talk about #euro@25 to @AUEB students. Thank you for your interest and hospitality. @ESM_Press #ESMeuro

[ESM @ESM_Press]

🇪🇺 💶 What impact has the euro had on your life?

ESM Chief Economist @r_strauch gave an #ESMYouthTalk at @AEUB on 25 years of the euro.

Support for the euro is high, and to tackle future challenges, we will need a strong euro.

https://t.co/B992qSNpdh

#ESMeuro #aueb #auebDeos