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
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