Opinion piece
13 January 2016
Delays and half measures
Are the eurozone’s continuing woes the result of its incomplete construction or because of policy errors in responding to the crisis?
European central bank
Showing 225-240 of 268 results
Blog post
12 January 2016
Has ECB QE lifted inflation?
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
Getting eurozone deposit insurance right promises benefits
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
Indebted ASEAN companies will feel Fed's rate rise
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
Have central banks lost their ability to control inflation?
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 and politics in an era of low interest rates
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
Capital flows, financial cycles, and macro-prudential policy in the euro area
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
Squaring the cycle: capital flows, financial cycles, and macro-prudential policy in the euro area
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
Is globalisation reducing the ability of central banks to control inflation?
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
The uncertain decline of the natural rate of interest
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
Policy brief
04 November 2015
Schriftliche Stellungnahme Bundestagsanhörung „Niedrigzinspolitik der EZB“
This Policy Contribution was prepared for the Financial Committee of the German Bundestag. It is only available in German.
Working paper
02 November 2015
Firmer foundations for a stronger European Banking Union
The idea of Banking Union has been instrumental in arresting the euro sovereign crisis. However the long-term rationale behind Banking Union is relate
Blog post
02 November 2015
Greek bank recap
The ECB published the comprehensive assessment of the four major Greek banks (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank) yesterd
Blog post
21 October 2015
Inflation expectations and global risks: the need for ECB action
The ECB will have its next monetary decision meeting on Thursday. Instead of following politically motivated statements that complain about low nomina
Opinion piece
20 October 2015
Clueless in Europe
Despite a slowing Chinese economy, decelerating inflation and a stronger euro, European Central Bank President Mario Draghi has said he will do more t
Blog post
08 October 2015
What options for European deposit insurance?
The aim of this blog post is to clarify different options of how to organize European deposit insurance without yet settling on the best option. We a