Blogs&Reviews

  • The effects of the ECB’s new inflation target on private households’ inflation expectations

    Mathias Hoffmann, Emanuel Moench, Lora Pavlova, Guido Schultefrankenfeld, 20 December 2021

    New survey results from the Bundesbank Online Panel Households (BOP-HH) show that the ECB's new inflation target is associated with moderately higher inflation expectations for the next two to three years. 

  • The ECB’s tools: Transparency is needed

    Lucrezia Reichlin, Klaus Adam, Warwick J. McKibbin, Michael McMahon, Ricardo Reis, Giovanni Ricco, Beatrice Weder di Mauro, 03 December 2021

    This blog replies to Rafael Repullo’s comment on CEPR's recent report on the ECB. The authors clarify that there is little to no disagreement. Most of what is in the comment coincides with what is in the report, using different words. Where disagreements exist, they reflect different views on the importance of transparency in communication of both strategy and future policy.

  • The CEPR report on the ECB strategy: A comment on the tools of monetary policy

    Rafael Repullo, 03 December 2021

    Rafael Repullo comments on some recommendations and statements on the tools of monetary policy at the ECB from the recent CEPR report on the central bank's strategy.

  • A primer on (UK) inflation

    David Blanchflower, 15 November 2021

    David Blanchflower explains why it is most likely the jump in inflation in the UK will dissipate

Other Recent Blogs&Reviews:

  • Bundesbank - ready for change?
    Thorsten Beck, 30 October 2021

    Thorsten Beck discusses the appointment of a new president of the Bundesbank

  • Quantitative tightening: Protecting monetary policy from fiscal encroachment
    William A. Allen, Jagjit Chadha, Philip Turner, 23 October 2021

    William Allen, Jagjit Chadha and Philip Turner propose reform for both sides of the central bank balance sheet in a manner that will prepare the ground for the contraction of quantitative easing and which does not expose the central bank to excessive risk

  • What are we regulating for?
    Cristina Caffarra, 03 September 2021

    Cristina Caffarra discusses why current proposals for digital platform regulation are not going to get us far.

  • The antitrust orthodoxy is blind to real data harms
    Cristina Caffarra, Gregory Crawford, Johnny Ryan, 22 April 2021

    Cristina Caffarra, Gregory Crawford and Johnny Ryan make the case that (lack of) privacy is an (often unobservable) price of using digital platforms, and that (lack of) privacy facilitates mainstream antitrust harms such as exploitation and foreclosure by dominant digital platforms.

  • Rebellion, Rascals, and Revenue: A review
    Shafik Hebous, 07 April 2021

    Shafik Hebous admires how Michael Keen and Joel Slemrod draw out common threads of tax principles and practice that have underlain tax systems for thousands of years to show us why polices were chosen, and why they failed or prevailed.

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