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:

  • Brexit: It’s the economics, stupid
    Simon Wren-Lewis, 28 May 2018

    Voters for 'Leave' wanted a Brexit that delivered more money for public services, but that cannot be realised under any of the four possible Brexit scenarios on the table. Economics matters to voters, more so than issues of sovereignty or immigration, and this post argues that Leave voters were misled with mythical economic gains.

  • VIX, CISS and all the political uncertainty
    Jon Danielsson, 20 May 2018

    Two widely used indicators of financial risk, the VIX index and the ECB’s CISS, are at a historical low. As this post explains, however, provided we only worry about the immediate future, and then only care to measure the easily visible, our favourite risk indicators will tell us everything is fine even if the longer-term political uncertainty appears high.

  • Seven reasons China won’t yield in Trump’s trade war
    Jeffrey Frankel, 19 May 2018

    President Trump and China are exchanging threats of raising tariffs which, if implemented, would signal the start of a trade war. There are some who defend Trump’s actions as bargaining tactics, but in this post I lay out seven reasons why China is unlikely to back down in this case, and why the US will not win this war.

  • Standing on the shoulders of giants: In response to Howard Reed
    Roger Farmer, 14 May 2018

    Recently, Howard Reed wrote a controversial piece for Prospect. This blog pushes back on Reed’s notions of tearing down classical economics.  Be committed and passionate, but understand the giants of the past.

  • Talking to the Establishment
    Simon Wren-Lewis, 12 May 2018

    When people talk about ‘the Establishment’, they often imagine a socially coherent body managing the country for the collective interest. This blog reviews Aeron Davis’ book, "Reckless Opportunists: Elites at the End of the Establishment", in which the author argues that we may now be seeing the end of such an Establishment.

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