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.

  • 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:

  • Michael Kende, 04 December 2020

    Michael Kende argues that the lack of digital trust in contact tracing apps which could help control the pandemic, save lives, and normalise our societies is a major wake-up call. 

  • Ignazio Angeloni, 03 December 2020

    Ahead of the outcome of the EBC's monetary policy strategy review, Ignazio Angeloni describes the narrow path that the central bank walks. On the one hand, it should not signal a tightening of policy, which would be inappropriate under plausible scenarios. On the other, it may not wish to tie its hands in the opposite direction either, by committing to ambitious inflation targets it may find hard to achieve. 

  • Ignazio Angeloni, 01 December 2020

    Ignazio Angeloni argues that the ECB should think twice before deciding to issue a digital euro.

  • Roel Beetsma, Lorenzo Codogno, Paul van den Noord, 09 November 2020

    Next Generation EU should not turn out to be a missed opportunity to initiate and fund genuine pan-European infrastructure projects with a high impact on potential growth. Roel Beetsma, Lorenzo Codogno and Paul van den Noord argue that the subsidiarity principle calls for such a pan-EU initiative.

  • Alex Cukierman, 26 October 2020

    Two-thirds of the discrepancy in Covid-19 cases and deaths in the US and China may reflect the advantage of the Chinese authoritarian regime in mobilising public collective action as well as the public minimisation of the health hazards by President Trump.

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