CARGA_INICIAL20200528
On 13 March 2024, the ECB announced a new operational framework to manage its shrinking balance sheet, fundamentally altering its relationship with the banking system and financial markets. The major impact will be felt by 2026-2027 as the Eurosystem’s balance sheet decreases, requiring the ECB to adapt its monetary policy while preserving financial stability.
Este artículo examina los retos del BCE para reconectar la política monetaria con las necesidades del sistema bancario.
In the last days of its rotating presidency, the Spanish government successfully led negotiations in the Council of the European Union to agreement on a new regime for macroeconomic policy coordination. Once agreed by the European Parliament, the new framework will significantly increase national ownership of fiscal consolidation, while at the same time easing the path of adjustment in comparison with the framework it replaces.
Este artículo señala que el nuevo marco de coordinación de las políticas macroeconómicas debería fortificar los esfuerzos por frenar los desequilibrios macroeconómicos y reducir la volatilidad no deseada de los mercados financieros.
