# Interviews

Economic Recovery – Still an Unfinished Business?

Chair: Martin Santa, Head of the Communication Department, Ministry of Finance of the Slovak Republic, Bratislava Ivan Lesay, Senior Advisor to Minister of Finance of the Slovak Republic, Bratislava Jozef Siekla, Chairma...

13th November 2014 by Tatra Summit 1918 views

# Blog

How can Europe avoid secular stagnation?

Larry Summers crystallized an important question in a recent speech: Has the world economy entered a period of “secular stagnation”? The slow recovery in the United States since the financial crisis is his starting point...

12th November 2014 by Guntram Wolff 2531 views

# Blog

France and Germany: a moment of truth

France and Germany, which together account for half of euro-area GDP, are rightly considered the key to the euro area’s exit from the current impasse of low growth, falling inflation and increasingly dangerous debt traje...

6th November 2014 by Agnès Bénassy-Quéré and Guntram B. Wolff 1745 views

# Interviews

Eurozone banks’ distress

Guntram B. Wolff gave a Seminar at wiiw on ‘Eurozone banks’ distress: lessons from the United States and Japan’. After the seminar he gave wiiw scientific director Michael Landesmann and interview....

28th October 2014 by The Vienna Institute for International Economic Studies 7415 views

# Blog

Europe’s fiscal wormhole

The International Monetary Fund now estimates a 30% risk of deflation in the eurozone, and growth figures within the monetary union continue to disappoint. But policymakers seem trapped in a cat’s cradle of economic, pol...

24th October 2014 by Guntram Wolff 1933 views

# Publications

Ein direktes Rekapitalisierungsinstrument für Banken ist sinnvoll

This is my testimony for the Bundestag’s budget committee of October 2014. It is available here (pdf).....

6th October 2014 by Guntram Wolff 1363 views

So far apart and yet so close- Should the ECB care about inflation differentials- (English)-page-001

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# Publications

So far apart and yet so close: Should the ECB care about inflation differentials?

Inflation rates can differ across regions of monetary unions. We show that in the euro area, the US, Canada, Japan and Australia, inflation rates have been substantially and persistently different in different regions. D...

22nd September 2014 by Zsolt Darvas and Guntram B. Wolff 4685 views

Benefits and drawback of European Unemployment Insurance (English)-page-001

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# Publications

Benefits and drawbacks of European Unemployment Insurance

The issue: Unemployment in Europe has increased to high levels and economic growth has remained subdued. A debate on additional policy instruments to address the situation is therefore warranted. Fiscal stabilisation mec...

13th September 2014 by Grégory Claeys, Zsolt Darvas and Guntram B. Wolff 3757 views

# Publications

EU to DO 2015-2019: Memos to the new EU leadership

‘There is now a distinct possibility that this crisis will be remembered as the occasion when Europe irretrievably lost ground, both economically and politically’. This was the starting sentence of our memos to the new E...

# Blog

Monetary policy cannot solve secular stagnation alone

Larry Summers crystallized an important development and question in a recent speech given at the IMF research conference: has the world economy entered a period of “secular stagnation”? The slow recovery in the US since ...

19th August 2014 by Guntram Wolff 3493 views