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:

Tax policy for the post-Covid era

Rabah Arezki, Grégoire Rota-Graziosi, 03 February 2021

Rabah Arezki and Grégoire Rota-Graziosi explore what the legacy of Covid-19 will be for our tax systems and several dimensions for the required rethinking
The post-COVID-19 recovery: What challenges and roadmap for the banking industry?

Jordi Gual, 27 January 2021

Jordi Gual discusses the regulatory response to the Covid-19 crisis and the impending challenge of how to handle the impact on the quality of banks’ balance sheets
The double irony of the new UK-EU trade relationship

André Sapir, 14 January 2021

The Trade and Cooperation Agreement signed between the European Union and the United Kingdom goes against six decades of UK efforts to avoid being economically disadvantaged in Europe. Tracking the evolution of the EU-UK relationship over the last 60 years can help in understanding this.
Self-fulfilling prophecies, quasi-non-ergodicity and wealth inequality

Jean-Philippe Bouchaud, Roger Farmer, 13 January 2021

Jean-Philippe Bouchaud and Roger Farmer argue that the vast inequalities we see in the world distribution of wealth are deeply connected to a somewhat esoteric concept from the theory of stochastic processes.
Covid and international economic cooperation: If not now, then when?

Richard Baldwin, 11 January 2021

Richard Baldwin hopes that the Covid-19 pandemic will foster a spirit of global solidarity and cohesion, a sense of shared humanity and common imperative.