VoxEU.org: Recent Articles

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New central banking calls for a European Credit Council Posted: Since 2008, a new central banking model has emerged. Monetary authorities increasingly engage in targeted lending, hold large amounts of public debt, and focus on climate change. This column argues that the new practices of central banks call for an updated institutional framework in order to maintain democratic legitimacy. It proposes the creation of a European Credit Council, which would provide impartial assessments of the ECB's decisions, particularly those with large distributional consequences. In addition, it would develop proposals for coordinating monetary policy with other EU policies.

Alzheimer’s and the UN’s ‘Decade of Healthy Ageing’ Posted: Alzheimer's disease and related dementias not only cause suffering to the individual but have high societal and economic costs. This column estimates that, globally, these diseases contributed to a loss of 33.1 million years of full health (measured in disability-adjusted life years) in 2019. Over the next 30 years, the loss could more than triple, with the burden increasingly falling on low- and middle-income countries. To ensure the future health and functioning of an ageing global community, the global community must invest effectively and efficiently in R&D and scale effective supportive interventions for Alzheimer's and related dementias.

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