The secular stagnation equilibrium
By Gilles Le Garrec et Vincent Touzé The economic state of slow growth and underemployment, coupled with low inflation or even deflation, has recently been […]
interest rates
Must balancing the public finances be the main goal of economic policy
By Henri Sterdyniak The financial crisis of 2007-2012 caused a sharp rise in public deficits and debt as States had to intervene to save the […]
Monetary policy: Open-Market Operations or Open-Mouth Operations?
By Paul Hubert Can the communications of a central banker influence agents’ expectations in the same way as they change interest rates? To believe Ben […]
Can the central banks influence the expectations of private agents?
By Paul Hubert Can the forecasts of a central bank influence the expectations of private agents, and if so what are the reasons for this? […]