Fiscal policy

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11 May 2020

The message in the ruling

The German Constitutional Court's ruling on the ECB's asset purchase programme is open to much criticism but it can hardly be blamed for raising an im

31 March 2020

Will the economic strategy work?

Because even thriving companies can be killed in a matter of weeks by a recession of the magnitude now confronting the world, advanced-economy governm

30 March 2020

The fiscal consequences of the pandemic

The likely economic depression triggered by coronavirus will pose a serious fiscal challenge to some euro-area countries. Given the special circumstan

17 March 2020

A letter to Santa, the G7

The G7 should set an example of international cooperation and come out with a strong signal of unity and support for the euro-area. Only then will the