Based partly on a new research paper co-written with Kieran McQuinn, this post discusses how Finland’s current economic slump may be a model for slow future growth in Europe.
Lots of people think the euro area’s central banks will be handing back all the interest payments they receive on their QE bonds, providing a nice boost to the taxpayer. They won’t. Grim details here.
With QE purchases starting a few days ago, some thoughts on how QE works with a nice graph to explain.
Some new thoughts on the “can you make losses printing money” theme, this time with a Hans-Werner Sinn angle.
The situation in Greece continues to tick over. An explanation of the ECB’s decision tonight to cut off various Greek assets from its eligible collateral list.
It’s complicated. But it’s got nothing to do with technocratic ECB rules.
My thoughts on the ECB’s QE announcement. Perhaps a bit long, perhaps a bit disorganised ….
Everyone knows German savers are special, don’t they? Not so much it turns out. Read here.
I used Medium to write a post and found it quite a pleasant experience. Not sure the same will be true for any readers. Anyway, if you want to read a long post by me on the state of economics and how we teach it to undergrads, you’re free to click here.