PublicPolicy.ie held its second online conference today on “Ireland’s COVID19 Crisis Response: Perspectives from Social Science.” I gave a talk […]
Presentation on ECB: Monetary Financing, Helicopter Money etc. Read Post »
Here is a presentation titled “The Lender of Last Resort in the Euro Area: Where Do We Stand?” which I gave
Presentation: “The Lender of Last Resort in the Euro Area: Where Do We Stand?” Read Post »
The Eurosystem’s often-misunderstood TARGET2 balances have again become a topic featured in op-eds and bank briefing documents. I’m posting this
Briefing Paper on TARGET2 Balances Read Post »
Schäuble is working hard to undermine the deal that attempts to keep Greece in the euro area. And his key
Alice In Schäuble-Land: Where Rules Mean What Wolfgang Says They Mean Read Post »
Here is a piece I wrote for Huffington Post on the implications of the Greek No vote.
After The Greek No, What Next? Read Post »
Some thoughts on what may happen after Greece’s referendum tomorrow.
From Greferendum To Grexit? Read Post »
Some comments on today’s ECB Governing Council decision to cap ELA for Greek banks.
ECB Decision Likely Means Greek Banks Stay Closed Read Post »
A discussion of the mechanism that is potentially driving Greece out of the Eurozone and its implications for the future
The Grexit Mechanism: What It Means For The Future Of the Euro Read Post »
Prior to Monday’s umpteenth “summit to beat all summits”, some context on how we arrived at the current situation in
Greece, The Euro and Gunboat Diplomacy Read Post »
There seems to be a new brand of op-ed at the FT. Formerly respected academics write crazy things about the
The FT Lets Itself Down Again: Francesco Giavazzi on Greece Read Post »
Lots of people think the euro area’s central banks will be handing back all the interest payments they receive on
The Puny Fiscal Effects of European QE Read Post »
With QE purchases starting a few days ago, some thoughts on how QE works with a nice graph to explain.
How Does QE Work? A Picture Worth a Thousand Words Read Post »
Some new thoughts on the “can you make losses printing money” theme, this time with a Hans-Werner Sinn angle.
Can QE Be Bad For Taxpayers? Read Post »
The situation in Greece continues to tick over. An explanation of the ECB’s decision tonight to cut off various Greek
So What Did ECB Just Do To Greece? Read Post »
It’s complicated. But it’s got nothing to do with technocratic ECB rules.
What’s Going On with Greece and the ECB? Read Post »
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.
The Myth of the Special German Saver Read Post »
Imagine you’re a smart young rich kid. You invent a money-printing machine. You use it to magic up money to
Can You Really Make Losses Printing Money? Read Post »
I was in Brussels on Monday to present my latest briefing paper to the European Paliament’s Economic and Monetary Affairs
Draghi on Structural Reforms Read Post »
The latest round of briefing papers for the Economic and Monetary Affairs committee’s monetary dialogue can be found here. Click
The ECB and Non-Standard Policies: Too Little Too Late? Read Post »
The most important thing happening in the European economy over the next year is the ECB’s comprehensive assessment of large euro area
Europe’s Bank Assessment: A Worrying Preview From Ireland Read Post »