Europe’s recovery plan: Watch out for inconsistency!
by Jérôme Creel (OFCE & ESCP Business School) [1] On 27 May, the European Commission proposed the creation of a new financial instrument, Next Generation EU, endowed […]
Monetary policy
How to spend it: A proposal for a European Covid-19 recovery programme
Jérôme Creel, Mario Holzner, Francesco Saraceno, Andrew Watt and Jérôme Wittwer[1] The Recovery Fund recently proposed by the EU Commission marks a sea-change in European […]
It seems like it’s raining billions
Jérôme Creel, Xavier Ragot, and Francesco Saraceno The second meeting of the Eurogroup did the trick. The Ministers of Finance, after having once again laid out […]
What do the fiscal stimulus strategies in the United States and Europe reveal?
By Christophe Blot and Xavier Timbeau In parallel with the decisions taken by the US Federal Reserve and the European Central Bank (ECB), governments are […]
The transmission of monetary policy: The constraints on real estate loans are significant!
By Fergus Cumming (Bank of England) and Paul Hubert (Sciences Po – OFCE, France) Does the transmission of monetary policy depend on the state of […]
Europe’s fiscal rules – up for debate
By Pierre Aldama and Jérôme Creel At the euro zone summit in December 2018, the heads of state and government hit the brakes hard on […]
The euro is 20 – time to grow up
By Jérôme Creel and Francesco Saraceno [1] At age twenty, the euro has gone through a difficult adolescence. The success of the euro has not been aided […]
Italy’s debt: Is the bark worse than the bite?
By Céline Antonin The spectre of a sovereign debt crisis in Italy is rattling the euro zone. Since Matteo Salvini and Luigi di Maio came […]
Major adjustments are awaiting the euro zone
By Bruno Ducoudré, Xavier Timbeau and Sébastien Villemot Current account imbalances are at the heart of the process that led to the crisis in the […]
Trump’s budget policy: Mortgaging the future?
By Christophe Blot While the momentum for growth has lost steam in some countries – Germany, France and Japan in particular – GDP in the […]