It is very easy to slip into the trap of thinking that money is unimportant when inflation is low and to ignore the overwhelming evidence that all past episodes of persistent inflation have been preceded, or been accompanied, by rapid money growth.
Sabine Mauderer: Putting our money where our mouths are - joint efforts to finance the global green transition Speech by Dr Sabine Mauderer, Member of the Executive Board of the Deutsche Bundesbank, at the UN Climate Change Conference COP 27, Sharm el-Sheikh, 9 November 2022. *** To limit global warming and adapt to the impact of climate change, large-scale investments are necessary.