Blog post
03 April 2018
Milton Friedman's " The role of monetary policy" - 50 years later
In March 1968, Milton Friedman’s “The Role of Monetary Policy” - after his famous presidential address to the American Economic Association - was publ
Monetary policy
Showing 177-192 of 340 results
Blog post
19 March 2018
Central banks in the age of populism
Two years of elections have shown that we live in an age of increasing political and economic populism. What are the consequences of that for central
Blog post
14 March 2018
The (economic) ties that bind: The western Balkans and the EU
The western Balkan economies are already closely integrated with the EU; the EU is their largest trade partner, their largest source of incoming forei
Opinion piece
01 March 2018
The EU’s Seven-Year Budget Itch
On February 23, EU members began negotiations on the bloc's multiannual financial framework for 2021-2027. But, with all countries focusing on net bal
External publication
26 February 2018
Note on the interactions between payment systems and monetary policy
This paper analyses the interactions between, on one hand, monetary policy and financial stability responsibilities of the ECB and, on the other hand,
Blog post
19 February 2018
Venezuela’s hyperinflation
The International Monetary Fund forecasts Venezuelan inflation spiralling to 13,000 percent this year. As President Maduro is expected to introduce th
Blog post
16 February 2018
The exchange rate and inflation in the euro-area: words following facts
The reduced references in the speeches of the President and Vice-president of the ECB to exchange rate changes in assessing inflation developments cor
Blog post
12 February 2018
The stock market slide
The stock market dropped last week, leading to questions and debates as to the underlying reasons. We review economists’ views on the issue.
Working paper
24 January 2018
Will macroprudential policy counteract monetary policy’s effects on financial stability?
This paper models monetary policy's transmission to bank risk taking, and its interaction with a regulator s optimization problem.
Blog post
17 January 2018
Macroprudential policy: The Maginot line of financial stability
The ability of macroprudential policies to assure financial stability and thus leave central banks free to assign the interest rate tool exclusively t
Blog post
08 January 2018
Abenomics, five years in
Five years have passed since Japan’s Prime Minister Shinzō Abe was elected in 2012 and started “Abenomics”, a macroeconomic package based upon the “th
Opinion piece
30 December 2017
Opportunities and risks in Europe in 2018
The new year could very well see the positive story of 2017 continue in Europe – but a number of looming policy and political problems cannot be ignor
Opinion piece
20 December 2017
Chinese banks’ improved asset quality cannot hide other phantoms
The recent improvement in asset quality cannot mask other growing concerns in China’s banking sector. Beyond liquidity concerns, other structural issu
Blog post
06 December 2017
The eurozone medley: a collection of recent papers on the future of euro-area governance
Our scholars Grégory Claeys, André Sapir, Dirk Schoenmaker, Nicolas Veron and Guntram B. Wolff, explore the next steps needed to create a more functio
Blog post
04 December 2017
The Bitcoin Bubble
The price of bitcoin has just passed $11,000. A year ago it was worth less than $800. Economists and commentators are thus increasingly concerned that
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