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 […]
Paul Hubert
Missing deflation – unique to America?
By Paul Hubert, Mathilde Le Moigne Was the way inflation unfolded after the 2007-2009 crisis atypical? According to Paul Krugman: “If inflation [note: in the […]
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 […]
Does the impact of economic policy depend on what we know?
By Paul Hubert and Giovanni Ricco Do the effects of monetary policy depend on the information available to consumers and business? In this note we […]
The European Central Bank is readying the future
By Christophe Blot and Paul Hubert At the press conference following the meeting of the ECB’s Governing Council on Thursday, 8 June, Mario Draghi announced […]
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 […]
Where are we at in the euro zone credit cycle?
By Christophe Blot and Paul Hubert In December 2016, the European Central Bank announced the continuation of its Quantitative Easing (QE) policy until December 2017. […]
How negative can interest rates get?
By Christophe Blot and Paul Hubert On 11 June 2014, the European Central Bank decided to set a negative rate on deposit facilities and on […]
Does central bank optimism move financial markets?
By Paul Hubert and Fabien Labondance “Animal spirits”, also called “errors of optimism and pessimism” or “sentiments”, contribute to macroeconomic fluctuations, as has been pointed […]
The effects of the oil counter-shock: The best is yet to come!
By Eric Heyer and Paul Hubert After falling sharply over the past two years, oil prices have been rising once again since the start of the […]