finanzmarkt

Why we need the European Central Bank as Lender and Owner of Last Resort

A guest post by Arash Molavi Vasséi This post summarizes a short policy note in which I argue that the only feasible as well as incentive-compatible solution to the current sovereign debt crisis in the Eurozone involves the European Central Bank (ECB) as a Lender of Last Resort to the Eurozone’s core countries like France, Austria, Finland, and …

OOH, do we measure inflation correctly?

I am very glad to welcome this guest contribution by David Lizoain on how to measure inflation correctly in the Eurozone. It is difficult, and at times dry topic, but I encourage you all to read David’s excellent summary of the issues below. Mario Draghi and the rest of the ECB Governing Council paid us a visit …