Non si poteva più aspettare l’inflazione non è passeggera ma ora Roma sia responsabile
My interview in La Stampa(pdf) on the ECB and its dilemma...
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Beyond the G7 pledges, Ukraine needs external financial assistance now
This oped is published in a number of European newspapers such as El Pais, Corriere, FAZ, Le Monde, Postimees.ee, Voice of Ukraine The assistance to Ukraine has been dominated by weapon deliveries and military suppo...
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La corsa può durare per tutto il 2022 adesso la Bce deve dare un segnale
interview in La Stampa...
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The Independence of the Central Bank at Risk
This article was first published by Frankfurter Allgemeine Zeitung in German, Friday 29 May 2020. The ruling of the German Federal Constitutional Court (GFCC) of May 5 on the ECB’s monetary policy affects not only the re...
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An analysis of the German Constitutional Court ruling on the ECB QE programme
The German Constitutional called today on the ECB to justify its bond-buying program. What does today’s ruling of the German Constitutional Court mean for the ECB’s QE program? Could such a decision open a pr...
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ESM credit lines, ‘corona-bonds’, Euro-area Treasury, One-off joint expenditures: What are the options for the EU Council?
A version of this piece was also published in French. As the Covid-19 pandemic intensifies and now that Europe has become the epicentre of the pandemic, voices are being raised among EU Member States in support of a comm...
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An effective economic response to the Coronavirus in Europe
The COVID-19 pandemic represents a major shock to the global and European economy. Most European countries need to take bold quarantine and lock-down measures, as has been done in Italy, to prevent an explosion of the ep...
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From climate change to cyber-attacks: incipient financial-stability risks for the euro area
The European Central Bank’s November 2019 Financial Stability Review highlighted the risks to growth in an environment of global uncertainty. On the whole, the ECB report is comprehensive and covers the main risks to eur...
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Schädliche Kritik: Die EZB hat mit ihrer Geldpolitik viel richtig gemacht
Die Geldpolitik der Europäischen Zentralbank hat der EU geholfen. Deshalb sollte darüber neu und konstruktiv debattiert werden. Der Gastbeitrag für Frankfurter Rundschau. Die neue EZB-Präsidentin Christine Lagarde hätte ...
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The ECB actions will be enough, but what matters now is the common fiscal policy
My interview in La Stampa is here...
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