Blog post
16 February 2016
European Deposit Insurance: a response to Ludger Schuknecht
Nicolas Véron argues that there are two major oversights in Dr Schuknecht’s anti-European Deposit Insurance outburst, respectively about deposit insur
Blog post
16 February 2016
Nicolas Véron argues that there are two major oversights in Dr Schuknecht’s anti-European Deposit Insurance outburst, respectively about deposit insur
Policy brief
15 February 2016
The ECB has made a series of changes to its QE programme in order to expand the universe of purchasable assets and have more flexibility in the execut
Policy brief
04 February 2016
This paper analyses the banking linkages between the nine ‘outs’ and 19 ‘ins’ of the banking union. It finds that the out countries could profit from
Event
22 January 2016
The ECB and its response to crises in the euro area have been in the spotlight recently. But how does EU membership affect the central banks of non-Eu
Blog post
21 January 2016
Although the Great Recession was viewed as a US problem, the Eurozone was affected by it from the start. This column compares the monetary policy resp
Event
18 January 2016
Have Central Banks lost their ability to control domestic inflation? Are macroprudential tools sufficient to ensure financial stability? Do new moneta
Opinion piece
13 January 2016
Are the eurozone’s continuing woes the result of its incomplete construction or because of policy errors in responding to the crisis?
Blog post
12 January 2016
Euro-area headline inflation has remained close to zero since the ECB stepped up its quantitative easing programmes in early 2015, but this does not m
Opinion piece
05 January 2016
EU-wide security of savings must be considered in order to take banking union seriously. Banks' holdings of government bonds must be limited.
Opinion piece
22 December 2015
While the markets could not have been surprised about the U.S. Federal Reserve's decision to raise interest rates after a series of warnings since mid
Blog post
01 December 2015
The potential effects of global integration on inflation dynamics, and whether this could affect the ability of central banks to fulfil their mandates
Opinion piece
25 November 2015
The ECB is often criticised for its low interest rate policy - especially in Germany, where this is felt to be an attack on savers. However, this argu
Blog post
18 November 2015
The financial crisis has prompted a renewed interest in macro-prudential policy as a framework to address the stability of the financial system as a w
Working paper
18 November 2015
The financial crisis has prompted a renewed interest in macro-prudential policy as a framework to address the stability of the financial system as a w
Policy brief
12 November 2015
This Policy Contribution reviews the impact of globalisation on inflation dynamics, and it analyses whether and how this affects the ability of centra
Blog post
09 November 2015
What’s at stake: Controversies over whether and by how much the natural rate of interest – the rate compatible with full employment and stable prices