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 …

German fiscal stimulus

The WSJ has an interesting piece about the potential and likely effects of German fiscal stimulus (by Amit Kara, UBS): The euro-zone economy is stagnating, and many argue that Germany is partly to blame. German households and corporations tend to save, and the country runs a large and persistent current-account surplus. That implies a deficit in other …