The planetary alignment has not always been favourable to the euro zone countries
By Eric Heyer and Raul Sampognaro In 2015, the euro zone economies will benefit from a favourable “planetary alignment” (with the euro and oil prices down […]
Monetary policy
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 […]
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 […]
What do we know about the end of monetary unions?
By Christophe Blot and Francesco Saraceno The European elections were marked by low turnouts and increasing support for Eurosceptic parties. These two elements reflect a […]
What is a weaker euro likely to mean for the French economy?
By Bruno Ducoudré and Eric Heyer Faced with the rising risk of deflation in the euro zone, which has been reinforced since mid-2012 by the continued […]
Abenomics and the new monetary policy
This post summarizes a paper written by Mahito Uchida, in Revue de l’OFCE, n° 135. With the arrival of Shinzo Abe at the end of […]
The chiaroscuro of the ECB’s “forward guidance” *
By Paul Hubert and Fabien Labondance “The Governing Council expects the key interest rates to remain at present or lower levels for an extended period […]
No surprises from the Fed*
By Christine Rifflart Not surprisingly, at its meeting on 29 and 30 October the Monetary Policy Committee of the US Federal Reserve decided to maintain […]