Blog post
29 November 2017
German wages, the Phillips curve and migration in the euro area
This post studies why wages in Germany have not borne strong increases despite a relatively strong labour market. I list four reasons why announcing t
Eu governance
Showing 401-416 of 632 results
Blog post
21 November 2017
The impact of Brexit on the Irish energy system – pragmatism vs. principles
Brexit promises pain for Ireland that could be cut off from the EU internal market and be left exposed to market instability in the UK. Georg Zachmann
Article
20 November 2017
After the crisis: what new lessons for euro adoption?
Key learning for euro adoption lies within the experience of southern euro member states and the macroeconomic performance of euro ‘ins’ and ‘outs’ am
External publication
17 November 2017
Sovereign Concentration Charges: A New Regime for Banks’ Sovereign Exposures
Europe’s banking union has been central to the resolution of the euro-area crisis. It has had an encouraging start but remains unfinished business. If
Blog post
15 November 2017
A slightly tighter ECB
The ECB’s recent decision on QE was somewhat on the dovish side. Francesco Papadia gives his view on why it is time to start a discussion about reduci
Blog post
13 November 2017
Accounting for true worth: the economics of IFRS9
The introduction in 2018 of forward-looking provisioning for credit losses in EU banks delivers on a key objective in the post-crisis regulatory agend
Policy brief
13 November 2017
A ‘twin peaks’ vision for Europe
The organisation of the European Supervisory Authorities (ESAs) is based on a sectoral approach with one ESA for each sector, with separate authoritie
Blog post
07 November 2017
European worries about isolationist trends
Populist shocks in the UK and US threaten the multilateral order on which the EU depends. What lies behind these earthquakes, and what does it mean fo
Policy brief
07 November 2017
Rethinking Franco-German relations: a historical perspective
Franco-German relations as the ‘engine’ of European integration are widely perceived to have stalled in recent years. This policy contribution assesse
Blog post
06 November 2017
The Eurosystem - Too opaque and costly?
The Eurosystem gets a lot of attention from academics and the media, but they largely focus on its statutory objective of maintaining price stability.
Blog post
02 November 2017
Euro-area enlargement: a new opening?
8 of the EU27 have not yet joined the Euro, and progress in euro-area enlargement seems to have stalled. Commission President Juncker wants to give ne
Blog post
31 October 2017
Falling Pound might not bring UK trade balance boost
The Pound Sterling depreciated by 14% against a basket of world currencies in the four months after the referendum vote to leave the EU. A number of p
Policy brief
30 October 2017
The time is right for a European Monetary Fund
Two of the banking union’s pillars – common European supervision by the European Central Bank and common European resolution by the Single Resolution
Policy brief
26 October 2017
The missing pieces of the euro architecture
What are the remaining fragilities of the Euro architecture? This policy contribution assesses the institutional reforms put in place during and after
Blog post
25 October 2017
EU borders: walking backwards from Northern Ireland to Cyprus
The Good Friday agreement put to rest age-old conflicts on Ireland. It also offered hope that the reunification of Cyprus might be possible within the
Blog post
25 October 2017
Phillips vs. Pass-through, or the changing ECB understanding of inflation
This blog post looks at how the approach of the ECB to inflation has changed over the years. It shows the ECB has moved, over the years, from a small