The European Central Bank is fighting energy-driven inflation by hiking interest rates. 

But what if there's a better way? 

In this episode, I describe my proposal for a European Green Infrastructure Company, funded by the ECB.

The ECB could have used the years of below-target inflation and high unemployment to accelerate the transition to a zero-carbon economy.

This would have made the euro area less dependent on imported fossil fuels. 

And I argue that this proposal is more in line with the ECB's mandate. For example, the ECB would not have bought goverment bonds (monetary financing of governments is prohibited).

Further reading/listening/watching:

The plan: http://blog.janmusschoot.be/2017/11/15/green-infrastructure-bonds-with-macro-strings-attached-how-the-ecb-could-fulfill-its-mandate-by-fighting-climate-change/

Podcast with Nick de Boer:

https://www.youtube.com/watch?v=hXNBfVqaSM0 (part 1)

https://youtu.be/abK6j2n2NbQ (part 2)

My research on inflation in Europe: https://youtu.be/zsoBQ9_W5Sk 

(also available in text: http://blog.janmusschoot.be/2022/09/28/energy-intensity-is-driving-the-uneven-inflation-in-europe-unemployment-deficits-debt-and-interest-rates-are-not/)

My research on the ECB's interest rate hikes: https://youtu.be/RDg8Aw0Fq_c