With nominal interest rates at (or close to) 0 in major economies since 2009 (IMF, 2009), risks of secular stagnation raise a key question: what are the challenges central banks face to support recoveries and foster long-term growth? The Zero Lower Bound Constraint: UMPs and Exit S
Lire la suiteLes articles
The uncertain investment plan The leaked investment plan—With investment trending down in the euro area (Guntram Wolff), the Juncker’s forthcoming €300bn investment program, called “Invest in Europe,” is gathering a lot of attention. Details are emerging. The FT (hat
Lire la suiteThe Eurogroup reached an agreement on Greece last week (with the Greek government’s comment), reviewed in details in EuroIntelligence: · The deal extends the Master Financial Assistance Facility Agreement (MFAFA) for up to four months (end of June), which is
Lire la suite