Blog post
20 September 2018
Big Macs in big countries: an update on euro area adjustment
Have prices moved in the direction of correcting real exchange rate misalignments everywhere in the euro area in recent years? Not between the largest
Monetary policy
Showing 161-176 of 341 results
Opinion piece
11 September 2018
Should central European EU members join the euro zone?
Eurozone membership (or the use of a fixed exchange rate) was not a factor determining economic success in Central Europe. There were both good and ba
Blog post
10 September 2018
The higher yield on Italian government securities could soon be a burden for the real economy
The increase in the spread between Italian (BTP) and German (Bund) government securities is directly an additional burden for Italy public finance, an
Blog post
04 September 2018
Monetary policy and superstar firms
The yearly Jackson Hole gathering of central bankers has focused this year on the topic of changing market structure, the rise of superstar firms, and
Blog post
27 August 2018
The Turkish Crisis
Financial markets have been very nervous about Turkey for the past few weeks. We review economists’ opinions about the economic, political and geopoli
Blog post
14 August 2018
What should the EU do about the Turkish currency crisis?
The Turkish lira has been under significant pressure in recent weeks; in this blog post, the authors discuss the EU’s exposure to possible crisis in T
Blog post
16 July 2018
Economy of Intangibles
Economists have been discussing the implications of the rise of the intangible economy in relation to the secular stagnation hypothesis, and looking m
Policy brief
28 June 2018
Cryptocurrencies and monetary policy
Can cryptocurrencies acquire the role of money? And what are the implications for central banks and monetary policy? Read the policy contribution to u
Blog post
11 June 2018
Enhancing the ESM lending toolkit through a precautionary credit line
Strengthening the ESM can help to prevent crises and enhance deeper financial integration in the euro area. Yet, mislabelling the ESM as “European Mon
Blog post
11 June 2018
The Italian mini-BOT debate
Talks of parallel currency are not new in Italy. But one of the proposals – the so called mini-BOT – has made it into the government contract that und
Blog post
05 June 2018
Mini-BOT in the government programme of the Five Star Movement and the League
The economic evaluation of mini-BOT very much depends on its specific characteristics. Overall it appears to be a blend of an inferior security and in
Event
04 June 2018
News from the South. Proposal to strengthen the European Monetary Union: Combining fiscal discipline with risk sharing
On 4 June Bruegel, as in previous years, will host the presentation of the Euro Yearbook, a collection of experts’ insights on the construction of the
External publication
29 May 2018
The changing fortunes of central banking
What are the major challenges of central banks today? This book discusses the developing role of central banks and the policies they pursue in seeking
Blog post
23 May 2018
The effects of Brexit on UK growth and inflation
The full consequences of Britain’s vote to leave the European Union were never going to be immediately perceptible. As we approach the second annivers
Blog post
22 May 2018
Argentina’s troubles
Argentina has abruptly called on the International Monetary Fund for financial help, amid currency pressures. We review recent economists’ position on
Working paper
26 April 2018
State contingent debt as insurance for euro-area sovereigns
Since the financial crisis, EU countries' economies have recovered to the point that they are exiting their adjustment programmes. Institutional stabi