Books and Publications

Central Banking in Turbulent Times – with Tuomas Välimäki – Oxford University Press

The single monetary policy and its implementation. An assesment. Bruegel, Monetary Dialogue (*)

Can the European Central Bank control interest rates?

Central bank cooperation during the great recession

The concrete euro– Oxford University Press

The International Monetary System – Cambridge University Press

La banca centrale europea– il Mulino

Operational Aspects of a Hypothetical Demise of the Euro- Journal of Common Market Studies

Can inflation derivatives help the ECB hit its inflation target?- Central Banking Journal

(*)“This policy contribution was prepared for the Committee on Economic and Monetary Affairs of the European Parliament (ECON) as an input for the Monetary Dialogue of 25 September 2017 between ECON and the President of the ECB. (http://www.europarl.europa.eu/committees/en/econ/monetary-dialogue.html). Copyright remains with the European Parliament at all times.”

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Brexit Deadlock
When Boris Johnson became prime minister, there were precisely 99 days to his self-imposed deadline of 31 October for his government to complete the extrication of the UK from the EU. Over half of those 99 days have already elapsed, and yet it is no clearer how, when or even if the UK will leave. […]
John Nugée
Boris’s constitutional manoeuvres
Boris Johnson's decision to prorogue parliament has been widely seen by his opponents as unconstitutional in some way, while at the same time a very clever manoeuvre. We do not entirely agree with either assessment. Continue reading
John Nugée
Speech by Mark Carney on international capital flows
In a little-noted speech earlier this summer on capital flows, Governor Mark Carney of the Bank of England raises two important issues: firstly that while capital flows on the whole benefit recipient countries they also have the capacity to do great harm; and secondly, in the struggle to avoid this harm, creditor nations and investors […]
John Nugée