Opinion piece
13 January 2022
The euro comes of age
A well-functioning euro reflects a degree of unity that allows the EU to credibly claim a position at the global table and therefore help shape the po
Euro area
Showing 33-48 of 284 results
Opinion piece
03 January 2022
The Euro at 20
The euro’s advocates hoped that the single currency would deliver economic and financial integration, policy convergence, political amalgamation, and
Blog post
20 December 2021
Policy coordination failures in the euro area: not just an outcome, but by design
Discussions on the fiscal framework should aim to correct its procyclical nature with a view to promoting more cooperative outcomes.
Opinion piece
09 December 2021
Inflation ideology: camp permanent or camp temporary?
Policy focus should be on tackling uncertainties by being able to tackle as many scenarios as possible.
Blog post
18 November 2021
Fiscal arithmetic and risk of sovereign insolvency
The record-high debt levels in advanced economies increase the risk of sovereign insolvency. Governments should start fiscal consolidation soon in an
Event
04 November 2021
European monetary policy: lessons from the past two decades
This event will feature the presentation of “Monetary Policy in Times of Crisis – A Tale of Two Decades of the European Central Bank."
Blog post
21 October 2021
Germany’s post-pandemic current account surplus
The pandemic has increased the net lending position of the German corporate sector. By incentivising private investment, policymakers could trigger a
External publication
14 October 2021
Tailoring prudential policy to bank size: the application of proportionality in the US and euro area
In-depth analysis prepared for the European Parliament's Committee on Economic and Monetary Affairs (ECON).
External publication
11 October 2021
Redesigning EU fiscal rules: from rules to standards
It is an illusion to think that EU fiscal rules can be simple.
Blog post
07 July 2021
How have the European Central Bank’s negative rates been passed on?
Negative rate cuts are not that different from ‘standard’ rate cuts. Like them, they reduce banks’ margins, but this effect does not appear to be ampl
Blog post
09 June 2021
Inflation!? Germany, the euro area and the European Central Bank
There is concern in Germany about rising prices, but expectations and wage data show no sign of excess pressures; German inflation should exceed 2% to
Blog post
28 May 2021
Emergency Liquidity Assistance: A new lease of life or kiss of death?
Use of Emergency Liquidity Assistance to prop up euro-area banks needs to be more transparent; available evidence suggests its use has not always been
Opinion piece
27 May 2021
Europe must fix its fiscal rules
The pandemic has shown that the EU’s spending framework reflects an outdated economic orthodoxy.
Podcast
19 May 2021
A stronger euro comes with more responsibility
What does strategic sovereignty mean to and for Europe?
Opinion piece
22 April 2021
The ECB needs political guidance on secondary objectives
While EU Treaties clearly stipulate that the ECB “shall support the general objectives of the European Union”, it is not appropriate to simply stand b
Event
13 April 2021
An alpine divide? Comparing economic cultures in Germany and Italy
A discussion of Italian and German macro-economic cultures and performances.