European Central Bank cut interest rates to lowest level
Most economists had been expecting an interest rate cut, but the bank went even further than that. CCTV’s Sandra Gathmann has the details from Brussels....
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Addressing weak inflation: The ECB’s shopping list
In this blogpost, we summarize our recently published paper, in which we discuss in detail the dilemmas for the ECB and the need to act. Inflation forecasts by the ECB have fallen substantially below the two percent thre...
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Addressing weak inflation: The European Central Bank’s shopping list
There are clear benefits to price stability. High inflation can distort corporate investment decisions and the consumption behaviour of households. Changes to inflation redistribute real wealth and income between differe...
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Japan and the EU in the global economy
Why is Japan a good case study to help Europe overcome the economic and financial crisis that started more than five years ago? What can Japan learn from Europe’s experience? Japan and the EU are both open econ...
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Europe’s social problem and its implications for economic growth
The European Union faces major social problems. More than six million jobs were lost from 2008-13 and poverty has increased. Fiscal consolidation has generally attempted to spare social protection from spending cuts, but...
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The long haul: managing exit from financial assistance
Countries can make a clean exit from financial assistance, or enter a new programme or a precautionary programme, depending on the sustainability of their public debt and their vulnerability to shocks. Ireland mad...
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An evaluation of the Troika’s programmes in the euro area
On Friday April 19th 2013, Bruegel fellows Jean Pisani-Ferry, André Sapir and Guntram Wolff presented a study evaluating the Troika’s recent programmes in the euro area. The presentation took place at the Peterson ...
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ECB should cut interest rates
Guntram, we have seen disappointing data on the eurozone economy this week, yet the expectation is that the European Central Bank will keep its main interest rate unchanged. Would that be a wise decision? GW: Well, you r...
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Capital controls will put the euro at risk
The currency in Nicosia will no longer be worth the same as it is in any other country, says Guntram Wolff. Cypriot lawmakers have passed a bill that paves the way for capital controls. The legislation allows Cyprus’s go...
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