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The dual mandate, the Fed and the ECB

22 September 2011 0

By Jérôme Creel and Francesco Saraceno Since 21 September 2011, the US Federal Reserve has launched Operation Twist to reallocate its balance sheet to reduce […]

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Forced borrowing: the WMD of fiscal policy

16 September 2011 0

By Jean-Paul Fitoussi, Gabriele Galateri di Genola and Philippe Weil A spectre is haunting Europe – the spectre of sovereign default. All the powers of old Europe […]

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What impact will fiscal policy have on French growth?

13 September 2011 0

By Eric Heyer The proper framework for analyzing the French economy is a large economy that is not very open, and not a small open […]

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