Raising the inflation target: a question of robustness
In an unexpected move, the Federal Reserve Chair Janet Yellen has recently brought up the issue of raising the inflation target. This...
QE and its impact on bank profitability
The quantitative easing (QE) programs that started in the second quarter of 2015 remain controversial, especially in Germany. The sums...
Is monetary policy credibility about to go?
Figure 1: Credibility in the euro area still holds up...but for how long? Both the Fed and the ECB have been able to remain credible...
