And what if the ECB respected its mandate!
By Christophe Blot Article 127 of the Treaty on the Functioning of the European Union (TFEU), i.e. former Article 105 of the Maastricht Treaty, states […]
Christophe Blot
Central banks and public debt: dangerous liaisons?
By Christophe Blot Since 2008, monetary policy has been in the forefront of efforts to preserve financial stability and stem the economic crisis. Though the […]
Manic-depressive austerity: let’s talk about it!
By Christophe Blot, Jérôme Creel, and Xavier Timbeau Following discussions with our colleagues from the European Commission [1], we return to the causes of the […]
The euro zone quartered
By Céline Antonin, Christophe Blot, Sabine Le Bayon and Danielle Schweisguth This text summarizes the OFCE’s 2013-2014 forecast for the euro zone economy. After six quarters […]
Shocks, unemployment and adjustment – the limits of the European union
By Christophe Blot In an article published in 2013 in Open Economies Review [1], C. A. E. Goodhart and D. J. Lee compare the mechanisms […]
Competitiveness: danger zone!
By Céline Antonin, Christophe Blot, Sabine Le Bayon and Catherine Mathieu The crisis affecting the euro zone is the result of macroeconomic and financial imbalances […]
Monetary policy and property booms: dealing with the heterogeneity of the euro zone
By Christophe Blot and Fabien Labondance The transmission of monetary policy to economic activity and inflation takes place through various channels whose role and importance […]
In the Netherlands, change is for now!
By Christophe Blot While France has just reaffirmed that it will meet its commitment to reduce its budget deficit to below 3% by 2014 (see […]
The chalice of austerity, right to the dregs
Céline Antonin, Christophe Blot and Danielle Schweisguth This text summarizes the OFCE’s April 2013 forecasts The macroeconomic and social situation in the euro zone continues […]
So far so good …
By Christophe Blot The euro zone is still in recession. According to Eurostat, GDP fell again in the fourth quarter of 2012 (‑0.6%). This figure, […]