Does central bank optimism move financial markets?
By Paul Hubert and Fabien Labondance “Animal spirits”, also called “errors of optimism and pessimism” or “sentiments”, contribute to macroeconomic fluctuations, as has been pointed […]
Fabien Labondance
Do QE programmes create bubbles?
By Christophe Blot, Paul Hubert and Fabien Labondance Has the implementation of unconventional monetary policies since 2008 by the central banks created new bubbles that […]
Financialisation and financial crisis: vulnerability and traumatic shock
By Jérôme Creel, Paul Hubert, Fabien Labondance Since the mini-crash that took place in the Shanghai stock market in August, financial instability has resurfaced in […]
The redistributive effects of the ECB’s QE programme
By Christophe Blot, Jérôme Creel, Paul Hubert, Fabien Labondance and Xavier Ragot Rising inequality in income and wealth has become a key issue in discussions […]
The ECB’s quantitative easing exercise: you’re never too young to start
By Christophe Blot, Jérôme Creel, Paul Hubert and Fabien Labondance The ECB decision to launch a quantitative easing (QE) programme was widely anticipated. Indeed, on several occasions in the […]
Is the ECB impotent?
Christophe Blot, Jérôme Creel, Paul Hubert and Fabien Labondance In June 2014, the ECB announced a set of new measures (a detailed description of which is provided in […]
Dealing with the ECB’s triple mandate
By Christophe Blot, Jérôme Creel, Paul Hubert and Fabien Labondance The financial crisis has sparked debate about the role of the central banks and monetary […]
Why a negative interest rate?
Christophe Blot and Fabien Labondance As expected, on 5 June 2014 the European Central Bank (ECB) unleashed an arsenal of new unconventional measures. The aim is […]
Does financial instability really undermine economic performance?
By Jérôme Creel, Paul Hubert and Fabien Labondance What relationship can be established between the degree to which an economy is financialized (understood as the […]
The chiaroscuro of the ECB’s “forward guidance” *
By Paul Hubert and Fabien Labondance “The Governing Council expects the key interest rates to remain at present or lower levels for an extended period […]