A framework for thinking about bad loans
The attempt to address the problem of non-performing loans in the EU should tackle both sides of credit creation at once. On the demand...
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...
