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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Is the ECB a central bank overburdened with risk?
The short answer is: yes, but not of the kind you think. The long answer starts by noting that in some quarters...
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Cimabue and Giotto, the Bundesbank and the ECB: an analogy?
Cimabue is defined by the Encyclopaedia Britannica as “the last great Italian artist in the Byzantine style”,while in...
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Target balances and the risk of another “Reparations” problem
The crisis that started in 2007, threatened the global economy with the demise of Lehman Brothers in the...
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Feydeau, Bernanke and Draghi
Georges Feydeau was a master in his theatre pieces to make actors enter and exit doors, as in...
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Draghi is dancing on the brink of a further rate reduction.
While Bernanke has started his difficult footwork towards the exit, Draghi has engaged in a minuet of his...
