Ivory Tower
Wednesday, 2 December 2015
QE and public investment
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Since the start of this year the ECB has been applying “quantitative easing” (QE), i.e. a program injecting large amounts of money in the e...
11 comments:
Monday, 23 November 2015
The Euro and Schengen. Common flaws and common solutions
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What do the Euro and Schengen have in common? Both are projects that have the same flaw: they're unfinished business. And therefore the...
8 comments:
Thursday, 20 August 2015
Low oil prices: good and bad news. And how to deal with the bad news.
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Since the start of the summer, crude oil prices have started a steep decline again. From more than $60 a barrel in June the crude oil price...
4 comments:
Thursday, 16 July 2015
The ECB does not learn from its past mistakes
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In 2011 at the height of the sovereign debt crisis when investors panicked, the ECB announced its “Securities Markets Program” (SMP). Thi...
4 comments:
Wednesday, 17 June 2015
Greece is solvent but illiquid. What should the ECB do?
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One feature of the Greek sovereign debt crisis, which is widely misunderstood, is the following. Since the start of the crisis the Greek so...
7 comments:
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