The ECB is extending its QE programme but mixes up its communications
By Paul Hubert On Thursday, March 10, after the meeting of its Governing Council, the European Central Bank (ECB) announced a series of additional measures […]
Paul Hubert
Do QE programmes create bubbles?
By Christophe Blot, Paul Hubert and Fabien Labondance Has the implementation of unconventional monetary policies since 2008 by the central banks created new bubbles that […]
Is missing disinflation a uniquely American phenomenon?
By Paul Hubert, Mathilde Le Moigne Are the dynamics of inflation after the 2007-2009 crisis atypical? According to Paul Krugman, “If inflation had responded to […]
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 […]
Does Price Stability entail Financial Stability?
by Paul Hubert and Francesco Saraceno (@fsaraceno) Paul Krugman raises the very important issue of the impact of monetary policy on financial stability. He starts with the well-known […]
The ECB’s quantitative easing exercise: you’re never too young to start
By Christophe Blot, Jérôme Creel, Paul Hubert and Fabien Labondance The ECB decision to launch a quantitative easing (QE) programme was widely anticipated. Indeed, on several occasions in the […]
Is the ECB impotent?
Christophe Blot, Jérôme Creel, Paul Hubert and Fabien Labondance In June 2014, the ECB announced a set of new measures (a detailed description of which is provided in […]
Are the macroeconomic forecasts of the central banks better than those of private agents?
By Paul Hubert Private expectations – about inflation, growth and interest rates – are a critical component of most modern macroeconomic models, as they determine […]
Dealing with the ECB’s triple mandate
By Christophe Blot, Jérôme Creel, Paul Hubert and Fabien Labondance The financial crisis has sparked debate about the role of the central banks and monetary […]