How should the European Central Bank ‘normalise’ its monetary policy?
As the global financial crisis unfolded, the European Central Bank (ECB) and other central banks greatly extended their monetary policy...
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...
Can we declare unconventional monetary policy a victory?
(full article here) Central banks resort to quantitative easing when the normal monetary policy tool of lowering the short-term interest...
