Category Archives: Uncategorized

The ECB Goes Rogue

Source: The ECB Goes Rogue Advertisements

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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

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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

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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

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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

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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

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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

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