Blogs&Reviews

  • 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

  • Bundesbank - ready for change?

    Thorsten Beck, 30 October 2021

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

Other Recent Blogs&Reviews:

  • Jon Danielsson, 12 April 2018

    The financial press had a field day when volatility hit a high in early February. In this post I argue that it was not all that extreme. The high point of volatility was only the 103th highest volatility in the past 88 years. 

  • Roger Farmer, 11 April 2018

    This post accesses the little-hyped concept of ergodicity.  In an exploration of economic forecasts, I argue that ergodicity must be injected into probability models.  From that ensues trips into the butterfly effect, multiple equilibria, and the representative agent approach.

  • Thomas Sampson, 10 April 2018

    In this post I examine a recent policy paper from the UK government that looks at trade in a post-Brexit EU and lay out several issues in need of consideration.

  • Ashoka Mody, 01 April 2018

    Financial markets are better than economists in sensing non-linearities, the critical junctures where fundamental shifts occur. This article argues that politics, economics, and finance are threatening to shake things up; it’s no time to look away.

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