The euro is 20 – time to grow up
By Jérôme Creel and Francesco Saraceno [1] At age twenty, the euro has gone through a difficult adolescence. The success of the euro has not been aided […]
Jérôme Creel
The ECB is still worried about the weakness of inflation
By Christophe Blot, Jérôme Creel and Paul Hubert The President of the European Central Bank, Mario Draghi, recently announced that the increase in the ECB’s […]
The 2018 European economy: A hymn to reform
By Jérôme Creel The OFCE has just published the 2018 European Economy [in French]. The book provides an assessment of the European Union (EU) following […]
What role for central bank balance sheets in the conduct of monetary policy?
By Christophe Blot, Jérôme Creel and Paul Hubert By adjusting the size and composition of their balance sheets, the central banks have profoundly changed their monetary policy […]
The ECB on neutral ground?
By Christophe Blot and Jérôme Creel The involvement of the European Central Bank (ECB) in the fiscal management of the euro area member states has […]
What factors are behind the recent rise in long-term interest rates?
By Christophe Blot, Jérôme Creel, Paul Hubert and Fabien Labondance Since the onset of the financial crisis, long-term sovereign interest rates in the euro zone have […]
The European economy in 2017 – or, the post-Brexit EU
By Jérôme Creel The just released L’économie européenne 2017 provides a broad overview of the issues being posed today by the European Union project. Brexit, […]
Slowing growth: due to the supply side?
By Jérôme Creel and Xavier Ragot The weakness of the recovery in 2014 and 2015 raises the need for a structural re-examination of the state of […]
Financialisation and financial crisis: vulnerability and traumatic shock
By Jérôme Creel, Paul Hubert, Fabien Labondance Since the mini-crash that took place in the Shanghai stock market in August, financial instability has resurfaced in […]
The redistributive effects of the ECB’s QE programme
By Christophe Blot, Jérôme Creel, Paul Hubert, Fabien Labondance and Xavier Ragot Rising inequality in income and wealth has become a key issue in discussions […]