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Stefan Gerlach

Stefan Gerlach

13 commentaries

Stefan Gerlach, Chief Economist of EFG Bank in Zurich, is a former executive director of the Hong Kong Monetary Authority and a former deputy governor of the Central Bank of Ireland.

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  1. The Limits of Central-Bank Independence
    gerlach13_ROSLAN RAHMANAFP via Getty Images_central banks ROSLAN RAHMAN/AFP via Getty Images

    The Limits of Central-Bank Independence

    Aug 1, 2024 Stefan Gerlach reminds monetary policymakers that they are ultimately reliant on political consensus, not law.

  2. Inflation Targeting Isn’t for Everyone
    gerlach12_ROSLAN RAHMANAFP via Getty Images_MAS ROSLAN RAHMAN/AFP via Getty Images

    Inflation Targeting Isn’t for Everyone

    Mar 7, 2024 Stefan Gerlach thinks small, open economies would do better with strategies tailored to their own unique circumstances.

  3. Crunch Time for Central Banks
    gerlach11_getty images_green finance Getty Images

    Crunch Time for Central Banks

    Sep 15, 2020 Stefan Gerlach urges monetary policymakers to respond to shifting public sentiment on inequality and the environment.

  4. Who Can Influence the ECB?
    gerlach10_Sean GallupGetty Images_ECBsignbuilding Sean Gallup/Getty Images

    Who Can Influence the ECB?

    Oct 4, 2019 Stefan Gerlach urges eurozone governments not to nominate inflexible candidates to the European Central Bank's Executive Board.

  5. It’s Time for the ECB to Put QE on Hold
    gerlach9_Ralph OrlowskiGetty Images_eurozone Ralph Orlowski/Getty Images

    It’s Time for the ECB to Put QE on Hold

    Sep 9, 2019 Stefan Gerlach argues that the eurozone does not need additional monetary stimulus for the time being.

  1. gebert5_Amir LevyGetty Images_netanyahuprotest Amir Levy/Getty Images
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    Will Qatari Gold Sink Netanyahu?

    Konstanty Gebert

    Israeli Prime Minister Binyamin Netanyahu's decision to fire the country's internal security chief has raised suspicions, given that the move comes just after the launch of an investigation into a new scandal involving his own aides. Israelis are right to worry that they could now be heading for a constitutional crisis.

     explains the latest scandal to hit Israel's increasingly illiberal, norm-breaking government.
  2. khrushcheva191_Anna MoneymakerGettyImages_steve_witkoff Anna Moneymaker/Getty Images
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    The US and Russia Are Negotiating in Bad Faith

    Nina L. Khrushcheva thinks the Kremlin is laying the groundwork for a highly favorable deal on the Ukraine war.
  3. schaake12_Thierry MonasseGettyImages_henna_virkkunen Thierry Monasse/Getty Images
    1

    Europe’s Tech Sovereignty Demands More Than Competitiveness

    Marietje Schaake & Max von Thun warn that the European Union’s deregulatory push could undermine its autonomy and fundamental values.
  4. nsofor11_GUY PETERSONAFP via Getty Images_africadoctors Guy Peterson/AFP via Getty Images
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    How Should Africa Respond to Foreign-Aid Cuts?

    Ifeanyi M. Nsofor touts the potential of foreign remittances to sustain public services as external support shrinks.
  5. huang6_Sawayasu TsujiGettyImages_china_tariffs Sawayasu Tsuji/Getty Images
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    How Should China Respond to Trump’s Tariffs?

    Huang Yiping urges Chinese policymakers to fill the leadership vacuum created by America’s protectionist turn.
  6. oneill132_Feature ChinaFuture Publishing via Getty Images_chinashopping Feature China/Future Publishing via Getty Images
    1

    Who Will Drive the Post-American Global Economy?

    Jim O'Neill considers what other large economies can do to offset the effects of the Trump administration's trade warfare.
  7. op_fofack4_Irwin Wong for The Washington Post via Getty Images_elderlypersonworking Irwin Wong for The Washington Post via Getty Images
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    Health Is Wealth in a Geriatric World

    Hippolyte Fofack

    The Global South is increasingly at risk of growing old before becoming rich, which implies huge social and economic costs. To avert this outcome, the Hevolution Foundation, a nonprofit backed by the Saudi royal family, has begun to support research focused on lengthening healthspans – the period of life spent in good health.

     explains why increasing “healthspans” to match lifespans is a moral and economic imperative.
  8. przybylski2_Alexander KoernerGetty Images_germanyarmy Alexander Koerner/Getty Images
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    Europe’s Democrats Must Forge a Will to Fight

    Wojciech Przybylski & Goran Buldioski think European leaders' most urgent security task is to nurture citizens' resolve to defend their countries.
  9. mazzucato81_Tomas CuestaGetty Images_javiermileichainsaw Tomas Cuesta/Getty Images
    3

    Governments Are Not Startups

    Mariana Mazzucato & Rainer Kattel explain why ongoing efforts to run the state like a business are doomed to fail.

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