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Elga Bartsch
@bartsche
DG Econ at @BMWK, former Head of Macro Research @Blackrock, Global Co-Head of Econ @MorganStanley, @kielinstitute, personal views only
London, England
Joined July 2011
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  • user avatar
    Elga Bartsch
    @bartsche
    Apr 5, 2022
    A surge in European energy prices means the region is now spending almost a tenth of its GDP on energy, the highest share since 1981. We see Europe as the most exposed to the energy shock and at risk of stagflation. See our weekly commentary. bit.ly/35HD98h
  • user avatar
    Elga Bartsch
    @bartsche
    Jan 25, 2022
    Inflation is being driven by supply constraints, not demand – and this makes life difficult for central banks. We think getting inflation down to 2% through rate hikes could come at a cost of almost 10% unemployment. Our new research explains why ⬇️ bit.ly/3rOsLmf
  • user avatar
    Elga Bartsch
    @bartsche
    Jan 10, 2023
    After a six-month break from economics, I am excited to start a new position as Director General for Economic Policy at the Federal Ministry for Economic Affairs and Climate Action in Berlin, Germany.
    162K
  • user avatar
    Elga Bartsch
    @bartsche
    Feb 9, 2024
    Professor Simon Jäger, Associate Professor of Economics am MIT, wird dem BMWK auf ehrenamtlicher Basis in wirtschaftspolitischen Fragen der Transformation und des Strukturwandels beratend zur Seite stehen.
    17K
  • user avatar
    Elga Bartsch
    @bartsche
    Jan 27, 2022
    I wrote in @ftopinion today on why the supply-driven nature of #inflation means the @ecb should accept inflation overshoots. And not just now but also during the transition to #netzero – even if revised fiscal rules allow for more green public spending. bit.ly/3KNmwaY
  • user avatar
    Elga Bartsch
    @bartsche
    Apr 28, 2020
    Speed and size: The Fed’s response to #COVID19 decided over the course of a just a few weeks will dwarf the entire response to the GFC over many years — QE 1,2 & 3 combined bit.ly/2W6ncj9
  • user avatar
    Elga Bartsch
    @bartsche
    Jul 1, 2022
    Some personal news. This was my last week at the @BlackRock Investment Institute (BII). It has been a pleasure to head up macro research and to contribute to key investment debates. There’s certainly been no shortage of exciting macro issues to debate over the last four years.
  • user avatar
    Elga Bartsch
    @bartsche
    Feb 9, 2024
    Replying to @bartsche
    Wir freuen uns auf die Zusammenarbeit und den Austausch mit @simon_jaeger ! #BostonBerlin bmwk.de/Redaktion/DE/M…
    3.3K
  • user avatar
    Elga Bartsch
    @bartsche
    Feb 8, 2022
    Market expectations of future rate hikes keep ratcheting up and could go higher still. We think they’re already overdone – our weekly commentary explains why. bit.ly/35OsJDu
  • user avatar
    Elga Bartsch
    @bartsche
    Jul 1, 2022
    Replying to @bartsche
    Some of my plans for the future include spending time in Berlin, continuing to work on sustainability issues, serving on the board of trustees of the Ifo Institut, participating in the US Monetary Policy Forum and rediscovering some of my non-macro related passions.
  • user avatar
    Elga Bartsch
    @bartsche
    Feb 17, 2021
    Sheer fiscal quantum: In US, we estimate the cumulative loss in activity to be less than *1/4* of the GFC and the discretionary fiscal response to be more than *4x* larger. See the chart. bit.ly/2NuvZe9
  • user avatar
    Elga Bartsch
    @bartsche
    Jan 10, 2023
    Replying to @bartsche
    A key focus for the Directorate will be evolving the unique concept of a Social Market Economy, which shaped Germany‘s postwar economic success, towards a social-ecological market economy that actively supports the transformation towards climate neutrality.
    2.6K
  • user avatar
    Elga Bartsch
    @bartsche
    Feb 4, 2022
    I’m delighted to have been invited to join @cepr_org’s Research & Policy Network focused on the European economic architecture, led by @pisaniferry. Looking forward to contributing to the group’s research on key European policy topics. bit.ly/3rqJBsh
  • user avatar
    Elga Bartsch
    @bartsche
    Mar 16, 2022
    Natural gas prices recently surged past 2021 peaks. This time, high energy prices are likely to be the cause of lower growth, rather than the result of strong growth like last year. Our weekly commentary looks at the potential central bank response. bit.ly/3KKylxS