Thematic BlogSpot - Inventory of Central Banks’ Challenges in Times of Secular Stagnation
With nominal interest rates at (or close to) 0 in major economies since 2009 (IMF, 2009), risks of secular stagnation (see our WS...
Thematic BlogSpot - Is Secular Stagnation the New Normal?
Secular stagnation is central to the current policy debate. The review focuses on the policies to avoid another “lost decade for Europe...
BlogSpot - October 22nd, 2014
What appropriate fiscal stance for European economies? The spectre of financial sanctions against France for failure to correct its...
BlogSpot - September 22nd, 2014
Questions about the ECB’s unconventional policy toolkit… The new TLTRO program (introduced in June with two initial auctions in September...
Article - Errors in Growth Forecasts
International and national institutions, banks, governments and others provide growth forecasts, whose publication or announcement is...
BlogSpot - May 19th, 2014
The crisis is NOT over With close to 0 growth, Eurostat GDP growth data for 2014Q1 disappointed. EuroIntelligence, in rather harsh words,...
Article - What future for sovereign debt crisis resolution?
The “Greece and Griesa”[1]: A call for a new framework for debt restructuring One of the striking lessons from the Greek crisis is that...
BlogSpot - March 21st, 2014
A tripartite agreement for the SRM The Commission, the European Parliament and the Council reached a trilogue deal on the Single...
BlogSpot - March 7th, 2014
Growth and in-depth reviews... some way to go The short-term—Some light at the end of the tunnel in Europe… The European Commission...
BlogSpot - February 28th, 2014
Ukraine’s urgent need for action A new government has been formed, as discussed by BarclaysCapital, with Arseniy Yatsenyuk, leader of the...
