# Blog

Central banks: from omnipotence to impotence?

Like the price of financial assets, the market assessment of the capacity of central banks to achieve their price stability objective fluctuates between omnipotence and impotence. We do not agree with this binary view of...

2nd March 2016 by Guntram Wolff 3169 views

# Blog

The fallout from the European refugee crisis

This opinion piece is published on Nikkei Veritas, Nikkei Asian Review, Manager Magazin, People’s daily and elsewhere. Of the 1.5 million refugees that reached the EU last year, more than 1 million ended up in Germ...

26th January 2016 by Guntram Wolff 2269 views

# Blog

Schengen und die Kosten

This op-ed was published in Wirtschaftswoche. It will be published on this blog in English and in other newspapers. Der Präsident der Europäischen Kommission, Jean-Claude Juncker, warnte kürzlich mit starken Worten: „Ohn...

23rd January 2016 by Guntram Wolff 2454 views

# Blog

The EU needs to confront the populist challenge in 2016

This opinion piece was or will be published in Caixin, Caixin (Chinese), Die Zeit (online), Kathemerini, Le Monde, Linkiesta, Finance (Slovenia). One of the clear trends of 2015 has been the rise of parties that radicall...

11th January 2016 by Guntram Wolff 2583 views

# Blog

Getting eurozone deposit insurance right promises benefits

This opinion piece was originally published in in The Banker, Caixin, Caixin in Chinese, Die Zeit, Finance, El Economista, and Dziennik Gazeta Prawna. The German version is available on this blog. The European Co...

7th January 2016 by Guntram Wolff 2434 views

# Blog

The growing intergenerational divide in Europe

An aging Europe cannot afford to squander the skills and talents of its youth. With this in mind, addressing the emerging intergenerational divide should be a top policy priority. This op-ed was published in Rzeczpospoli...

16th December 2015 by Guntram Wolff 1962 views

# Blog

Too early to celebrate: What markets tell us about the credibility of the Paris climate agreement

The price of carbon emissions has decreased markedly since the first draft of the Paris Agreement has been released. The decrease in the price of futures is the largest observed over the last two months. This post was fi...

15th December 2015 by Guntram Wolff 2092 views

# Blog

Cross-border commuters and trips: the relevance of Schengen

Almost 1.7 million Schengen residents were cross-border commuters in 2014. These charts show data on commuting in the Schengen area and intra-EU trips. This post was first published by Bruegel. Many workers rely on the S...

4th December 2015 by Guntram Wolff 2230 views

# Blog

Have central banks lost their ability to control inflation?

The potential effects of global integration on inflation dynamics, and whether this could affect the ability of central banks to fulfil their mandates. This post was first published on Bruegel. After soaring in th...

2nd December 2015 by Guntram Wolff 2884 views

# Blog

The ECB and politics in an era of low interest rates

This op-ed was originally published in the Handelsblatt, Nikkei Veritas and Nikkei Asian Review and Linkiesta. The ECB is often criticised for its low interest rate policy – especially in Germany, where this is fel...

26th November 2015 by Guntram Wolff 2433 views