Terry Martin is a Berlin-based broadcaster with decades of experience in international news. Formerly an anchor with CNN International, Terry is now Senior Anchor with DW News, Germany’s global service. He also provides communications support to cross-border research initiatives. As a broadcaster Terry has provided live coverage of G8 summits, UN climate conferences, natural disasters and key elections, interviewing countless political and business leaders. He has hosted scores of TV discussion programs and moderated major conferences for clients such as the European Commission and the OSCE. Terry is a frequent host at the Global Media Forum. His background as a radio journalist includes work for American public radio, CBC and CBS Network News. As a business journalist, Terry spent much of the 1990s reporting from Germany for the popular business show Marketplace. During that period he also served as the main host of DW’s weekly business program Made in Germany with field assignments in Europe and Asia. Throughout the following decade, he wrote a bimonthly newsletter on foreign investment for Germany’s FDI agency. Born in Canada, Terry studied English and philosophy at universities in the US (B.A. Elon College, Masters studies Wake Forest University) before moving to Berlin in 1990.
In the recent decade, crises and lingering weak economic conditions have pushed monetary policy to venture out to uncharted waters. Just as many central banks were planning a review of their current strategies – learning from a decade of unconventional policies, evaluating its efficacy, limits, but also side effects – the covid19 shock has thwarted any efforts towards ‘normality’. Likewise, it took the scale and scope of the covid19 pandemic for monetary policy to be joined by fiscal policy and to bring the much-discussed double-barrel policy regime forward. But addressing the complex economic, employment and social consequences of this crisis calls for sensible policy sequencing on both central bankers’ and fiscal authorities’ parts, looking ahead. Central banks’ balance sheets are to swell significantly this year, in tandem with a colossal increase in public debt. In addition, there is a deepening link between fiscal and monetary policy domains. Against such a backdrop, how will we deal with the resulting fiscal deficits and prevent them from undermining markets? What are the perils for central bank independence and how can it be sustained going forward? What are the limits of quantitative easing and public borrowing? Are SGP rules dead forever? What about inflation and the pricing of different asset classes?