Executive summary Central banks are not profit-maximising institutions; their objectives are rather of macroeconomic nature. The European Central...

I have recently given some interviews and participated to meetings with investors. To prepare for these events I...

Some observers have been quite surprised by the repeated, unusually pointed, reaction of ECB President Draghi in his...

An open question in central banking circles is whether interest rates should be used as a means to...

In a recent TV interview, I said that I was a bit surprised by the ECB’s dovish decision...