Books and Publications

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

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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