External authors

Thomas Walsh

Thomas Walsh

Former Research Assistant

Twitter: @7homaswal5h

Thomas Walsh, a British citizen, worked as a Research Assistant at Bruegel in the area of macroeconomics from August 2014 to August 2015.

He holds a Master’s degree in Economics from the Barcelona Graduate School of Economics with a thesis entitled “The Credit Channel of Monetary Policy at the Zero Lower Bound: A FAVAR Approach”.

He also holds a Bachelor’s degree in Economics and Econometrics from the University of Bristol.

Previously, Thomas worked at the European Central Bank as a Trainee in the Statistics Development and Coordination division, working primarily with the ECB’s SME access to finance survey, SAFE.

He has also held positions as Research Assistant at the Social and Public Health Sciences Unit, University of Glasgow and as Intern at the Centre for Market and Public Organisation, University of Bristol.
His research interests cover macroeconomics and finance, particularly monetary policy transmission and central bank decision making. Thomas speaks English, conversational Spanish, and basic German.

Read article Download PDF More on this topic

External Publication

Analysis of developments in EU capital flows in the global context

Analysis of developments in EU capital flows in the global context (2nd report)

The purpose of our report is to provide a comprehensive overview of capital movements in Europe in a global context.

By: Zsolt Darvas, Pia Hüttl, Silvia Merler and Thomas Walsh Topic: European Macroeconomics & Governance Date: January 28, 2016
Read article

Blog Post

Guntram B. Wolff
Thomas Walsh

The dragon sneezes, Europe catches a cold

European stock prices, financial contagion and the trade exposure to China. How the turmoil in China’s stock market is affecting European stock markets through Europe's trade exposure to China

By: Guntram B. Wolff and Thomas Walsh Topic: Finance & Financial Regulation, Global Economics & Governance Date: August 26, 2015
Read article More on this topic More by this author

Blog Post

Thomas Walsh

Update: financial market developments

Following on from our previous blogs, we take another look at the intra-day developments in financial markets after yesterday’s European Council meeting to discuss the urgent situation in Greece. While the general picture remains broadly the same as before, developments in the Portuguese 10-year yield are worth watching.

By: Thomas Walsh Topic: European Macroeconomics & Governance Date: July 7, 2015
Read article More on this topic More by this author

Blog Post

Thomas Walsh

Bond markets remaining calm

Following on from our blog on Monday, we take another look at the intra-day developments in the sovereign bond markets. So far, there appear to be no signs of any major stress in the markets.

By: Thomas Walsh Topic: European Macroeconomics & Governance Date: June 30, 2015
Read article More on this topic More by this author

Blog Post

Thomas Walsh

(Lack of a) reaction in euro area yields

With the current situation in the ongoing Greek debt negotiations taking a turn for the worse this weekend, we take a look at other Euro area interest rates on long-term debt  to gauge how markets have reacted to the news of a Greek referendum on the Eurogroup's proposals,  and the imposition of capital controls.

By: Thomas Walsh Topic: European Macroeconomics & Governance Date: June 28, 2015
Read article Download PDF

Policy Contribution

The effects of ultra-loose monetary policies on inequalityEuropean Parliament

The effects of ultra-loose monetary policies on inequality

This Policy Contribution was prepared for the European Parliament Committee on Economic and Monetary Affairs. It assesses the impact of ultra-loose monetary policies on income and wealth distribution in the euro area.

By: Grégory Claeys, Zsolt Darvas, Alvaro Leandro and Thomas Walsh Topic: European Macroeconomics & Governance, European Parliament Date: June 24, 2015
Read article More on this topic

Blog Post

Grégory Claeys
Pia Hüttl
Thomas Walsh

Inflation Surprises

While it is still too early to tell if the ECB QE programme launched on March 9 will manage to bring back inflation towards the target in the medium term, a look at market- and survey-based inflation expectations data allows us to get a sense of how inflation expectations have been evolving in the last few months.

By: Grégory Claeys, Pia Hüttl and Thomas Walsh Topic: European Macroeconomics & Governance Date: April 20, 2015
Read article More on this topic

Blog Post

Grégory Claeys
Thomas Walsh

The “Plucking Model” of recessions and recoveries

European GDP first estimates for Q4 2014 were published on February 13.  They reveal that some countries that were severely hit by the crisis are now growing at a rate near or even higher than 2% yoy (Estonia 2.6%, Latvia 1.9%, Spain 2.0%, the UK 2.7%). Since the crisis, growth rates in recovering European countries […]

By: Grégory Claeys and Thomas Walsh Topic: European Macroeconomics & Governance Date: February 24, 2015
Read article

Blog Post

Thomas Walsh
Guntram B. Wolff

The Greek banking system: a tragedy in the making?

As the ECB has decided to discontinue allowing Greek government bonds to be used as collateral in normal ECB refinancing operations, attention is fully back on the Greek banking system.[1] One can criticize the ECB’s decision for aggravating the crisis but one can also argue that the ECB had no choice but to act as […]

By: Thomas Walsh and Guntram B. Wolff Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: February 6, 2015
Read article Download PDF More on this topic

External Publication

Analysis of developments in EU capital flows in the global context

Analysis of developments in EU capital flows in the global context

This report reviews the key theoretical foundations underlying the benefits and risks of net capital flows, in particular large, persistent inflows or outflows, and the significance of gross flows and their composition. 

By: Zsolt Darvas, Carlos De Sousa, Pia Hüttl, Silvia Merler and Thomas Walsh Topic: European Macroeconomics & Governance Date: January 13, 2015
Read article More on this topic

Blog Post

diogo_machado
Thomas Walsh

Labour force(d) mobility: Migration in Europe

The free movement of labour is not only a key pillar of the European project, but also essential to the proper functioning of a monetary union. Inspired by this theme and the tone of the current political debate, we present 4 informative charts.

By: Diogo Machado and Thomas Walsh Topic: European Macroeconomics & Governance Date: November 26, 2014
Read article More by this author

Blog Post

Thomas Walsh

“Women are Japan’s most underused resource”

Unleashing the potential of ‘Womenomics’ is an absolute must if Japan's growth is to continue.

By: Thomas Walsh Topic: Global Economics & Governance, Innovation & Competition Policy Date: September 23, 2014
Load more posts