Chief European Economist at Morgan Stanley

Elga is Morgan Stanley’s Chief European Economist. The main focus of her research is the
euro area, especially the monetary policy of the European Central Bank. Elga is also a
member of the ECB Shadow Council.
Elga was recently voted one of the hundred most influential women in European finance. In
addition to her European role, Elga spearheads a global research effort on the economics of
climate change.
She joined Morgan Stanley in September 1997 from the Kiel Institute of World Economics, a
large German economic think-tank. At the Kiel Institute, Elga worked as a research associate
in the President's Office between 1992 and 1997 and, amongst other things, responsible for