Καπερναράκου, Κατερίνα, (2017), “Η ΕΚΤ φοβάται να προαναγγείλει πότε θα σταματήσει πλήρως το QE”, Η Καθημερινή, 15 Ιουλίου Η οριστική διακοπή του προγράμματος αγοράς τίτλων προβληματίζει την Ευρωπαϊκή Κεντρική Τράπεζα (ΕΚΤ), η οποία δεν επιδιώκει να ορίσει κάποια συγκεκριμένη ημερομηνία γι’ αυτή. Προτιμά να έχει την ευελιξία να αποφασίσει, παρακολουθώντας τα οικονομικά δεδομένα. Οι μισοί από τους αναλυτές που συμμετείχαν σε δημοσκόπηση του Reuters προβλέπουν ότι τον Σεπτέμβριο η ΕΚΤ …Read More

Buti, Marco, Deroose, Servaas, Leandro, José, Giudice, Gabriele, (2017),  “Completing EMU”, VoxEU, 13 Ιουλίου Despite much being done to strengthen the Economic and Monetary Union, it remains incomplete and this is one of the main reasons for the Eurozone’s lacklustre economic performance in the recent years. While there are still diverging views on how to “cross the river”, there is also a political and economic window of opportunity to complete the …Read More

Roubini, Nouriel, (2017), “The New Abnormal in Monetary Policy”, Project Syndicate, 10 Ιουλίου Financial markets are starting to get rattled by the winding down of unconventional monetary policies in many advanced economies. Soon enough, the Bank of Japan (BOJ) and the Swiss National Bank (SNB) will be the only central banks still maintaining unconventional monetary policies for the long term. The US Federal Reserve started phasing out its asset-purchase program (quantitative easing, …Read More

Krauss, Melvyn, (2017), “Italy’s Bank Bailout Serves German Interests Too”, Bloomberg View, 7 Ιουλίου As Europe’s politicians digest the lessons from Italy’s recent 17 billion euro ($19.34 billion) bailout of two Venetian banks, two schools of opinion have emerged. The majority view is that the bailout, while less than ideal, at least brought greater financial stability to Italy. Σχετικές Αναρτήσεις Setser, Brad W., Smith, Emma, (2017), «Where Does Italy’s Bank …Read More

Gros, Daniel, (2017), “The Inflation Target Trap”, Project Syndicate, 6 Ιουλίου Central banks have a problem: growth in much of the world is accelerating, but inflation has failed to take off. Of course, for most people, growth without inflation is the ideal combination. But central banks have set the goal of achieving an inflation rate of “below, but close to 2%,” as the European Central Bank puts it. And, at …Read More