ECB, Schnabel: it is possible that monetary policy changes with more women in the decision -making bodies

ECB Schnabel gradual approach to rate reduction remains appropriate

(Finance) – “Research shows that men and women behave differently when it comes to economic issues. So it is It is possible that monetary policy can change when more women join the decision -making bodies. What is fundamental here is diversity, also in terms of opinions and experiences. It is what makes the decision -making process more solid. ” Isabel Schnabelwhich is part of the Executive Board of the European Central Bank (ECB), during an interview with the German newspaper Wochentaz.

To a question about how financial decisions made by Men and Women differ, replied: “The women tend to be more adverse to risk in their financial decisions and are more afraid of losses. This, for example, leads them to invest less in the stock market and therefore to obtain lower returns. Women also have less confidence in their financial decisions. So improve financial literacy would be particularly important for women. “

On the hypothesis that a feminist monetary policy may exist, he said: “To tell the truth, I didn’t think about it. Monetary policy focused mainly on the economy as a whole, for example on aggregate economic activity or consumption. In the meantime, the research has evolved and now is examining the basic heterogeneity more. We know, for example, that the poorest people are particularly affected by the increase in energy prices and food products. There are probably also significant differences between the sexes “.

tlb-finance