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.
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Recent Posts
Assessing the Assessment
Francesco Papadia
November 04, 2014
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In assessing the Comprehensive Balance Sheet Assessment in this post I will stick to my expertise and thus...
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What a difference between 1931 and 2012!
Francesco Papadia
October 16, 2014
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A previous post looked at the debt crisis which took place in the early 1930s, right in the...
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The ECB Asset Backed Securities Purchase Program
Francesco Papadia
September 30, 2014
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In a previous post I concluded that: “…while it is not easy to design and implement an effective...
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Liquidity supply and demand in the €-area: a schematic approach
Francesco Papadia
September 16, 2014
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In his last press conference, Draghi said that the ECB foresees to bring back the size of its...
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Central bank profits and multiple equilibria
Francesco Papadia
September 01, 2014
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The theoretical and empirical realisation that economies are subject to multiple equilibria can help understand a number of...
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