Blog post
25 August 2014
Blogs review: The secular stagnation hypothesis
What’s at stake: On November 16, the Harvard economist and former Treasury Secretary Lawrence Summers gave a provocative talk at an International
Blog post
25 August 2014
What’s at stake: On November 16, the Harvard economist and former Treasury Secretary Lawrence Summers gave a provocative talk at an International
Blog post
14 July 2014
What’s at stake: Most discussions over the past few weeks on the blogosphere have centered around whether the U.S. economy is, eventually, gainin
External publication
08 July 2014
This paper was prepared for the European Parliament's Montary Dialogue with the President of the European Central Bank Mario Draghi. Today, the ECB i
Video
17 June 2014
Blog post
05 June 2014
Overall, we welcome that the ECB has finally acted with a broad package. We also think that unanimity on the package was a very positive development a
Blog post
05 June 2014
Yesterday’s inflation flash estimates published by Eurostat show a Euro Area (EA) annual inflation of 0.5 percent, down from 0.7 percent in
Blog post
19 May 2014
In this follow-up, I argue that on top of these structural and institutional factors, there are also three short-term cyclical considerations in favou
Policy brief
06 May 2014
Euro-area inflation has been below 1 percent since October 2013, and medium-term inflation expectations are well below 2 percent. Forecasts of the ret
Video
16 April 2014
Blog post
11 April 2014
This blog raises two questions. The first is puzzling: why is Beijing in such a hurry to internationalise its inconvertible currency? The se
Blog post
19 March 2014
In economic terms, China is becoming more of an adult, and the renminbi is becoming a grown-up currency. Russia's actions in Ukraine have prompte
Policy brief
03 March 2014
This Policy Brief was prepared for the European Parliament's Monetary Dialogue with the President of the European Central Bank Mario Draghi. The autho
Opinion piece
10 January 2014
What role can quantitative easing play? I am not quite as negative on QE as Olivier Blanchard but certainly agree that it cannot fundamentally solve t
Video
12 November 2013
Video
08 November 2013
Article
01 October 2013
Inquiry into genuine Economic and Monetary Union in the sub-committee for European and Financial Affairs in the European Union Committee.