Blog post
03 July 2017
Cryptoeconomics – the opportunities and challenges of blockchain
While the activities using the peer-to-peer cryptocurrency Bitcoin swing between legal and illegal, the attention has been increasingly shifting to th
Monetary policy
Showing 209-224 of 339 results
Blog post
22 June 2017
Raising the inflation target: a question of robustness
In an unexpected move, the Federal Reserve Chair Janet Yellen has recently brought up the issue of raising the inflation target. This blog argues that
Blog post
19 June 2017
The Fed’s problem with inflation
What’s at stake: the Federal Reserve raised the benchmark interest rate by one-quarter of a percentage point. The moved surprised no one, but it still
Policy brief
29 May 2017
Is the recent increase in long-term interest rates a threat to euro-area recovery?
After reaching historically low levels, European long-term sovereign yields experienced a notable rise at the end of 2016 and beginning of 2017. This
Blog post
22 May 2017
Dial N for NAIRU, or not?
What’s at stake: The concept of the NAIRU (Non-Accelerating Inflation Rate of Unemployment) has recently divided the minds in the economic blogosphere
Event
06 April 2017
Can EMU survive a multi speed Europe?
On 6 April Bruegel, as in previous years, hosted the presentation of the Euro Yearbook, a collection of experts’ insights on the construction of the E
External publication
01 April 2017
Analyzing the impact of monetary policy on financial markets in Chile
During the past few years, monetary policy communication has become a hot topic in as far as it seems to have become a very relevant way for central b
Event
31 March 2017
Central bank communication in a low interest rate environment
At this event, we are pleased to welcome Mr. Benoît Coeuré, Member of the Executive Board of the European Central Bank at Bruegel.
Blog post
29 March 2017
Who would bet on currency unions after EMU crisis?
The European Monetary Union (EMU) was founded with the idea that nominal convergence would bring real convergence, but structural differences between
Blog post
27 March 2017
Why was the last TLTRO take-up unexpectedly high?
The final round of TLTRO financing was an unexpected hit with euro area banks. The aim of the programme is to encourage banks to increase lending to t
Blog post
17 March 2017
The inflation basket case
Inflation in the euro area has finally reached 2%. But Draghi is right to warn that the underlying dynamics do not point to this being a self-sustaini
External publication
15 March 2017
Collapse of the Ruble zone and its lessons
This essay, published by CESifo, aims to summarise the experiences of the two monetary disintegration episodes, i.e. termination of settlements in TR
Blog post
09 March 2017
An update: Sovereign bond holdings in the euro area – the impact of QE
Since the ECB’s announcement of its QE programme in January 2015, national central banks have been buying government and national agency bonds. In thi
Working paper
28 February 2017
Fundamental uncertainty and unconventional monetary policy: an info-gap approach
This paper applies the info-gap approach to the unconventional monetary policy of the Eurosystem and so takes into account the fundamental uncertainty
Blog post
13 February 2017
Inflation's comeback
What at stake: After years of deflationary pressures and anaemic economic performance, inflation seems to be on the rise again, both in the US and the
Blog post
06 February 2017
Is Germany a currency manipulator?
What’s at stake: the Financial Times reports that Peter Navarro, head of the US’s National Trade Council, has accused Germany of currency manipulation