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Thursday, 10 July 2014

A macro-prudential anthology (and a little more)

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Last March I published a post [1] the conclusion of which was: "... the bottom line of this post is that we may, before too long, se...
Tuesday, 1 July 2014

The ECB is not like the mythical "one handed economist".

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The assessments going around about the package of measures decided by the ECB at its last meeting at the beginning of June are definitely ...
Friday, 27 June 2014

Guessing ECB liquidity until the first Targeted Longer Term Refinancing Operation

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The position of money market rates in the €-area within the corridor recently set by the ECB (-10 to + 15 basis points) depends on the out...
Tuesday, 17 June 2014

A fair chance for the European Central Bank

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In a couple of tweets I published on the occasion of the last press conference of the ECB president on June 5th, I gave my first asse...
Monday, 2 June 2014

An enticing Very Long Term Refinancing Operation from the ECB

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Since the last press conference of the ECB President, several members of the Governing Council have confirmed that the ECB is preparing a ...
Tuesday, 20 May 2014

Where could ECB interest rates go?

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A quasi announcement Economics is mostly quantitative, being dominated by mathematics in its theoretical framework and by econometrics...
Thursday, 8 May 2014

Is the ECB really so generous?

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A simplified, to the point of being simplistic, approach to understanding the transmission of monetary policy to the real economy consist...
Tuesday, 29 April 2014

Titus Maccius Plautus and the EU Troika

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The Roman comic playwright Titus Maccius Plautus takes up an old adage of Greek origin when he writes in his Bacchides: "Quem di dili...
Tuesday, 15 April 2014

Some unpleasant Quantitative Easing Arithmetic

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Some 30 years ago Thomas Sargent and Neil Wallace published an article [1]  that raised the possibility of tight monetary policy leading ...
2 comments:
Friday, 4 April 2014

Is the €-area in 2014 like Japan on the dawn of deflation?

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If you are impatient and somewhat trust my judgment, let me give first my synthetic answer to the title question: out of the five crite...
1 comment: