Frank Elderson: Q&A on Twitter

Interview on Twitter with Frank Elderson, Member of the Executive Board of the ECB, conducted and published on 16 March 2021 17 March 2021 Hello, this is @FrankElderson, Executive Board member at the ECB.

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https://www.ecb.europa.eu//press/inter/date/2021/html/ecb.in210317_1~1d81212506.en.htmlhttps://www.ecb.europa.eu//press/inter/date/2021/html/ecb.in210317_1~1d81212506.en.html
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Wednesday, March 17, 2021
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European Union, Eurozone, European Central Bank, European System of Central Banks, Monetary policy, Inflation, Frank Elderson, Price stability, Monetary inflation, Money
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Interview on Twitter with Frank Elderson, Member of the Executive Board of the ECB, conducted and published on 16 March 2021

    • 17 March 2021 Hello, this is @FrankElderson, Executive Board member at the ECB.
    • Im looking forward to answering your questions for the next 45 minutes or so.
    • #AskECB #AskECB Why dont you better explain your policies by indicating the aimed positive consequences, but also the potential negatives.
    • @FrankElderson: While the evidence is that our policies are very effective we certainly also have possible side effects on our radar.
    • @FrankElderson: Inflation increased sharply in January and February and is likely to go up further in the coming months.
    • This is mainly due to transitory factors, which we look through.
    • The pandemic is deep but temporary, so the risk of zombification is less pronounced than in other downturns.
    • In general, the share of zombie companies in the euro area has declined since 2014 #AskECB What are you proud of?
    • @FrankElderson: It is true that pandemic-related supply constraints, among other factors, are expected to increase inflation during this year.
    • @FrankElderson: Im very excited that we are setting up the @ecb climate change centre and are currently recruiting its head.
    • But our actions must not prejudice our objective of price stability #AskECB Any efforts to make the ECB board more diverse?
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