Money matters? Perspectives on Monetary Policy
A blog by Francesco Papadia, providing a personal perspective on monetary policy developments drawing from an experience of 40 years in critical positions in central banking.
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Recent Posts
History doesn’t repeat itself but it often rhymes
Francesco Papadia
April 01, 2022
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Andrei Kozyrev, the former foreign Minister of Russia between 1990 and 1996, said in a thread of Tweets...
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Sanctions and the global financial system
Francesco Papadia
March 17, 2022
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Intervention of Francesco Papadia at a webinar on central bank reserves management March 16 2022 I have chosen...
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Considerations about SWIFT
Francesco Papadia
February 28, 2022
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Swift has emerged from banks back offices to a debated topic in media and publis discourse. Below are...
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Does money growth tell us anything about inflation?
Francesco Papadia
December 01, 2021
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Together with Cadamuro Leonardo Economists and central bankers no longer consider monetary aggregates relevant for inflation forecasts. We...
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Is the risk of stagflation real?
Francesco Papadia
November 04, 2021
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Together with Monika Grzegorczyk and Pauline Weil. Most economic forecasts predict a return, in the medium-term, to...
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