These are turbulent times for macroeconomic policymaking: Following the COVID-19 pandemic and the Russian war of aggression against Ukraine, the past months have been marked by high inflation and fears of financial instability in Europe and beyond. Policymakers across the EU – particularly at the ECB – have been fighting hard to deliver on the goals of stable prices and financial stability. At the same time, the EU is engaged in a profound and ambitious transition to achieve climate neutrality and sustainability in the next decades.

There is now a thriving debate on the priorities, instruments, and responsibilities that are necessary at the EU level to better reconcile European macroeconomic goals and climate protection.

Is the ECB already “fit for net-zero,” or do we need to rethink monetary policy? What about the policy mix of monetary and member states’ fiscal policy in the race towards a stable and green economy in the EU?

To discuss these timely questions, the Bertelsmann Stiftung has the pleasure of inviting you to attend an in-person (or online) discussion with policy experts, including Frank Elderson, Member of the of the ECB´s Executive Board, and Sven Giegold, State Secretary at the Federal Ministry for Economic Affairs and Climate Action.


Macroeconomic Zeitenwende:

How to Achieve Monetary and Financial Stability in the Green Transition

Wednesday, November 22, 2023

15:00 to 17:00 CET

Bertelsmann Stiftung

Werderscher Markt 6

 10117 Berlin.


Welcoming remarks

  • Andreas Esche, Director, Sustainable Social Market Economies, Bertelsmann Stiftung


  • Frank Elderson, Member of the of the Executive Board, ECB

Short Comment

  • Ulrich Volz, Professor for Economics, SOAS University of London

Policy Panel

  • Frank Elderson, Member of the of the Executive Board, ECB
  • Daniela Gabor, Professor of Economics and Macro-Finance, UWE Bristol
  • Sven Giegold, State Secretary, Federal Ministry for Economic Affairs and Climate Action
  • Jasmin Gröschl, Senior Economist for Europe, Allianz SE

The event will be followed by a reception.

We look forward to your participation.

Join Here with Zoom

About the author

Daniel Posch is a Project Manager at the Bertelsmann Stiftung. He deals with various topics of economic and innovation policy to foster the green transformation. 

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