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Some unpleasant Quantitative Easing Arithmetic
Some 30 years ago Thomas Sargent and Neil Wallace published an article [1] that raised the possibility of tight...
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Is the €-area in 2014 like Japan on the dawn of deflation?
If you are impatient and somewhat trust my judgment, let me give first my synthetic answer to the...
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Partiam, partiamo or the ECB communication
In the “Atto secondo, Scena IV” of Verdi`s opera, La Forza del Destino, there is a famous choir which...
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From firmly to weakly anchored, or the importance of an adverb!
Four months ago I published a post with the title: Is the price stability target of the ECB...
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Macro-prudential: if not now when?
At the turn of 2000, when the € was at 0.85, very weak, against the dollar, the then...
