Bruegel Blog (archive)

Not SIFIs but PIFIs

The EU bank resolution framework deals in principle with risks from SIFIs, or systemically important financial institutions, but might have overlooked

Dynamic scoring and budget forecasting

Welcome to the dark side: GDP revision and the non-observed economy

Back in 2009, the United Nations Statistical Commission endorsed a revision to the System of National Accounts (SNA), which sets the international sta

A Greek primary issue

On the 25th February, the Greek ministry of finance published the final data for the execution of the State Budget in January 2015. This data is

The gender pay gap

Blogs review: Actress Patricia Arquette’s plea to address wage disparity between women and men during the Oscar ceremony has lead to interesting

Should other Eurozone programme countries worry about a reduced Greek primary surplus target?

In this post Zsolt Darvas assesses the possible reaction of other Eurozone programme countries to a reduction in the Greek primary surplus target from

Greece and the André Szász Axiom

A most unusual thing happened at the Feb. 11 meeting of Eurozone finance ministers. The leaked draft agreement between the official creditors and Gree

The “Plucking Model” of recessions and recoveries

The speed of economic recoveries is generally attributed mainly to economic policies. While this view might be true, a theory suggested by Milton Frie

Europe needs a lasting solution for the Greek problem

The talks between the new Greek government and Eurozone partners turned out to be as hectic and as tough as expected. Greece wants to get debt relief

Fact of the week - The tiny balance sheet impact of the TLTRO (charted)

While waiting for the ECB to start QE purchases in March, an update of our Eurosystem liquidity database allows capturing the (non)-impact o

Are Italy’s stars of reform aligning?

Two interesting institutional documents were released over the past 10 days: the Going for Growth 2015 of the OECD and the Winter Economic Forecast of

Bruegel’s commitment to transparency: the think tank as fish tank, not gas tank

Understanding who funds think tanks, and to what end, is an important part of maintaining the reputation our sector has for independence. It is also

Limits to the Greek bank run

An important question has emerged this week as regards the role of the ECB as a lender of last resort to banks in Greece. The press has widely reporte

The aging dollar peg: time for the PBC to bid it farewell

The Chinese renminbi (RMB) depreciated 2.5 percent against the US dollar in 2014. This was the first depreciation since 2005, when Beijing timidly sta

Demographic changes and structural deflation

What’s at stake: A view has appeared arguing that the low-inflation environment experienced by advanced economies may be structural, rather than cycli

Is blogging dead?

What’s at stake: Andrew Sullivan’s decision to shut down his blog has sparkled a conversation about the future of blogging. While most authors re