
michele lenza
4.4K posts

michele lenza
@miclenza
Head of the Monetary Policy Research Division at the ECB. The views expressed here are my own. 🇪🇺🇮🇹


How rising bank lending to non-bank financial institutions reallocates credit away from firms Jane (Jian) Li, Yiming Ma @yiming__ma @Columbia_Biz, Caterina Mendicino @caterinamendic2 @ecb, Dominik Supera @DominikSupera @Columbia_Biz ow.ly/ixMs50YuCGX





Time for positive thinking. Rather than complain about the Trump administration and how to react to the latest salvo, we must be more ambitious and think forward. Beatrice Weder di Mauro, Enrico Letta, Pascal Lamy are launching a major project on Europe 2050: What do we want it to look like, and what it may take to get there. shorturl.at/FbZIt We have commissioned pieces from experts on governance, enlargement, regulation, trade policy, etc. These will be produced between now and early September and posted and discussed on a dedicated platform. And then the four of us will attempt to put them together and distill the accumulated wisdom.

Researchers, experts and policymakers will gather in Frankfurt for the 13th ECB Conference on Forecasting Techniques. From big data to machine learning, they’ll discuss new methods, data and tools that shape how we forecast the economy. Programme ➡️ link.europa.eu/79rfwQ




Trump warns Nato faces ‘very bad future’ if allies fail to help US in Iran ft.trib.al/aaWPhX2



R.I.P. Christopher Sims (21 Oct. 1942 - 14 March 2026) - a giant in macroeconomics and one of the finest human beings I have ever met -

Another brilliant chart by @robin_j_brooks, this time illustrating the extraordinary windfall Russia is likely to enjoy as a result of the Iran-related rise in the oil price. THIS will be a big part of the geopolitical story in the coming months👇




Unreal numbers 👀⚡️ "JPMorgan estimates that, had Germany not phased out nuclear power, the country would have generated 50% less electricity from fossil fuels and 84% less electricity from natural gas in 2024. Electricity prices in Germany would have been around 25% lower, and the country would have imported half as much electricity.."


