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.Recent Posts
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On three issues relating to central bank foreign reserves
I was recently asked to deliver a presentation to central bankers on three issues relating to foreign exchange...
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Don’t look only to Brussels to increase the supply of safe assets in the European Union
A sufficient supply of safe assets denominated in euros is critical if the European Union is to achieve...
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Lagarde’s message at the December press conference was not unambiguously hawkish
As expected, the ECB lowered at the last meeting of 2022 the pace of its interest rate increases...
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Responsibility for the spread lies, in the first instance, in national capitals, the ECB in Frankfurt comes second
Together with Leonardo Cadamuro 1 I. Introduction The risk has increased of ‘fragmentation’ in the transmission of monetary...
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COVID-19 IN THE EUROPEAN UNION: HEALTH IMPACTS AND EFFECTS ON ECONOMIC ACTIVITY
Together with Leonardo Cadamuro and J. Scott Marcus Abstract This paper quantitatively describes different aspects of the COVID-19...
