Marco Bertacche and  Chiara Albanese, (2018), “Berlusconi May Be Closer to a Majority in Italy Than Polls Show”, Bloomberg Politics, 5 Φεβρουαρίου Polls may be downplaying the chances that a center-right coalition backed by former Premier Silvio Berlusconi will win a majority in upcoming Italian elections on March 4. The so-called “shy-factor” in the polling process, which underestimates voting intentions for right-wing parties, and a new electoral law that favors …Read More

Wolfgang Münchau, (2018), “Η κρυφή απειλή των ιταλικών εκλογών για Ευρώπη και επενδυτές”, Financial Times/Euro2day, 30 Ιανουαρίου Οι χρηματοοικονομικές αγορές ποτέ δεν κατάλαβαν καλά την ευρωζώνη. Οι επενδυτές πανικοβάλλονταν όταν δεν έπρεπε, όπως πέρυσι πριν από τις γαλλικές εκλογές. Η αντίδρασή τους στις γερμανικές εκλογές ωστόσο ήταν πολύ απαθής. Σχετικές Αναρτήσεις Η Καθημερινή, (2017), «Η ύφεση έφυγε, οι επενδύσεις από τις επιχειρήσεις επέστρεψαν», 31 Οκτωβρίου Η Καθημερινή, (2017), «Προειδοποίηση ΔΝΤ …Read More

Gauti Eggertsson, Ragnar Juelsrud, Ella Getz Wold, (2018), “Monetary policy with negative nominal interest rates”, Vox, 31 Ιανουαρίου Economists disagree on the macroeconomic role of negative interest rates. This column describes how, due to an apparent zero lower bound on deposit rates, negative policy rates have so far had very limited impact on the deposit rates faced by households and firms, and this lower bound on the deposit rate seems …Read More

Steve Brito, Yan Carriere-Swallow, Bertrand Gruss, (2018),  “Disagreement about Future Inflation: Understanding the Benefits of Inflation Targeting and Transparency”, IMF Working Papers, 25 Ιανουαρίου We estimate the determinants of disagreement about future inflation in a large and diverse sample of countries, focusing on the role of monetary policy frameworks. We offer novel insights that allow us to reconcile mixed findings in the literature on the benefits of inflation targeting regimes and central …Read More

Martin Brown, Ioanna S Evangelou and Helmut Stix, (2018), “Banking crisis, bail-ins and money holdings”,  VoxEU, 1 Φεβρουαρίου A cornerstone of new bank resolution policies across the world is the introduction of bail-ins to redistribute the costs of bank failures from taxpayers to bank creditors. This column uses the bail-in of two banks in Cyprus to examine how bank depositors react to this way of resolving a crisis. In the …Read More

Paolo Manasse, Dimitris Katsikas, (2018),  “Economic crisis and structural reforms in Southern Europe: Policy lessons”, Vox, 1 Φεβρουαρίου The basic ingredients of the policy prescriptions in response to the euro area debt crisis were quite similar across Southern Europe. This column explores the economic, political, and institutional factors that differentially affected the success of these prescriptions from country to country. Policy timing and sequencing, the balance between fiscal consolidation and …Read More