Category Archives: Uncategorized

The ECB Goes Rogue

Source: The ECB Goes Rogue

Posted in Uncategorized | Leave a comment

Ten ways to tell you might be sitting next to an economist (The Economist on Airline safety)

“AN ACADEMIC economist was taken off a plane last week after a fellow passenger became suspicious. He was feverishly scribbling what she thought was “terrorist code” or foreign lettering into a notebook. It turned out that Guido Menzio, an Italian … Continue reading

Posted in Uncategorized | Leave a comment

Central banks – the new normal

Central banking and monetary policy – which will be the new normal? is a one day conference co-organized by SUERF/BAFFI Carefin. Right on time BIS has published research discussing negativity of negative interest rates. https://www.bis.org/publ/qtrpdf/r_qt1603e.htm Financial Times discusses the matter … Continue reading

Posted in Economics, Uncategorized | Tagged , | Leave a comment

Charles Wyplosz on ECB communication

ECB minutes: What they really tell us “The ECB has finally begun releasing the minutes of its policymaking meetings, something the world’s major central banks have been doing since the 1990s. This column asks whether the publication of these minutes … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Central banks are powerful

“Once the dust settles, the markets will come to recognise that the SNB did it right. Central banks are powerful because they can take important decisions, not when they are seen to bow to market pressure. Remember the taper tantrum … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

So ECB pumps 60bn euro monthly while Greeks…

“Withdrawals from Greek banks exceeded 14 billion euros ($15.9 billion) in the run-up to the snap elections that catapulted the anti-bailout Syriza party to power, including 11 billion euros that were taken out in January, the person said. Between Jan. … Continue reading

Posted in Uncategorized | Leave a comment

European court says Yes to QE ‘bazooka’

“Plans for a full-scale money-printing operation to spur growth and inflation in the struggling eurozone cleared a legal hurdle yesterday after a favourable verdict from the European Court of Justice.” http://www.independent.co.uk/news/business/news/european-court-says-yes-to-qe-bazooka-9979035.html

Posted in Uncategorized | Leave a comment

Summers withdraw from Fed race

“Lawrence Summers has taken himself out of the running to be the next chair of the Federal Reserve, withdrawing his name after opposition from key Democratic senators indicated they would oppose his nomination.” News after Financial Times

Posted in Uncategorized | Leave a comment

Why, oh why?

“Microsoft is to buy Nokia’s mobile phone business and patents for €5.44bn ($7.2bn) in an all-cash deal that will reshape the telecoms industry on two continents and comprise a big bet that Microsoft can challenge Apple and Samsung. The deal … Continue reading

Posted in Uncategorized | Leave a comment

Demoralized employees at the Fed-survey reports

http://m.huffpost.com/us/entry/3826165 “Regulators overseeing the nation’s largest financial institutions are distrustful of their bosses, afraid to speak out, and feeling isolated, according to a confidential survey this year of Federal Reserve employees.”

Posted in Uncategorized | Leave a comment