Money matters? Perspectives on Monetary Policy | A blog by Francesco Papadia, providing a personal perspective on monetary policy developments drawing from an experience of 40 years in critical positions in central banking. | Page 2

Recent Posts

Brexit has made the UK poorer: fact, no forecast from a “citizen of the world” expert.

Francesco Papadia November 28, 2016 0 Comment

One of the controversies that have followed the Brexit referendum, not the most important but not a trivial...
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European Central Bank QE: bricolage or extension?

Francesco Papadia October 27, 2016 0 Comment

This post is a bit long and, I am afraid, in some quantitative parts a little complex....
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Secular Stagnation vs. debt Super-cycle: which one is right ?

admin_money_matters October 06, 2016 5 Comments

Abstract: Advanced economies, the €-area in particular, are struggling with mediocre growth and too low inflation, notwithstanding valiant...
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Pondered reflections on the Jackson Hole Symposium.

Francesco Papadia September 15, 2016 0 Comment

The Jackson Hole symposium, organized by the Kansas City Federal Reserve, took place between the 25th and the...
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Wealth redistributions: what inflation did in the 1970s, the interest rate is (mostly) doing now.

Francesco Papadia July 29, 2016 0 Comment

The redistributions of wealth on debtor and creditor positions caused by changes in interest rates and inflation are...
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Central Banking – the great unwind
Central banks have always said that the unconventional monetary policy measures they have introduced in recent years are temporary, and they have been keen to restore policy to "normality" when the time is right. As that time approaches, the urgent question is what the great unwind will entail and how they will carry it out. […]
Gabriel Stein
The future of Central Banking
For much of the last 8 years, there has been an active debate on what central banks were doing to combat the threat of a second Great Recession. But as the period of extreme monetary policy draws to a close, the discussion is beginning to look forward, and to what the future policy framework for […]
Gabriel Stein
Brexit: the EU’s perspective
With the start of the Brexit negotiations, it is worth examining the issues from the EU’s perspective. And for the EU, Brexit has from the start been almost entirely an administrative and legal challenge to be executed with as little ongoing cost and disruption to the remaining members as possible. Continue reading
John Nugée