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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Germany challenges the EU
The German Constitutional Court's ruling, in its judgment of 5 May, that the ECB has acted beyond its authority is much more than a technical assessment of the ECB's bond-buying programmes. It is a legal and constitutional challenge to the principle of the supremacy of EU law over national law, and it is slowly dawning […]
John Nugée
After the Crisis, a Reckoning
After every national trauma, there is the opportunity to do things better in future. It is a chance to redress the most grievous of society’s ills. What will follow the Corona Crisis? We think there will be a renewed attention on the value society places on different contributions to our communal welfare, a new assessment […]
John Nugée
Debt Dynamics
As governments across the world are taking on huge quantities of debt in an effort to support their economies, two questions are repeatedly being asked: is not all this borrowing going to be inflationary, and how will it be afforded and paid back? Continue reading
John Nugée