How To Improve The ECB’s QE Programme
With up to €60 bn of debt a month being bought for the next 19 months, the ECB’s programme of quantitative easing (QE) is massive.
Ronald Janssen
Why Austerity Is Contagious
Austerity is contagious: The case of France France is finding itself between a rock and a hard place. On the one hand, with 54% of
Lessons From 15 Years Of Japanese Deflation
While Mario Draghi has stolen the show with his speech at Jackson Hole, another speech by Haruhiko Kuroda, governor of the Bank of Japan, is
Europe Does Not Understand Deflation And Wages
Led by the IMF, the main body of mainstream economists is now aware of the danger that debt deflation is raising for several Euro Area
DG ECFIN And The Missing Greek Exports
Economists at DG ECFIN are starting to notice something we have pointed out already some time ago: Despite an enormous cut in wage costs, Greek
European Wage Depression Since 1999
Probably one of the most popular slogans of the entire European Semester is the catchphrase that wages should be aligned with productivity. The reason for