How easy is it to increase fiscal capacity in the EU?
Figure 1: Trust in the EU low but stable Read my new paper with Guntram Wolff A monetary union without fiscal union is generally...
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...
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...