Category Archives: Economic Policy

German court’s “No, but” may undermine ECB’s OMT

The constitutional court strongly implied that the central bank’s bond-buying programme is outside its …

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Filed under Allgemein, Economic Policy, Monetary Policy

Benefits of German 2003 big bang are overstated

Germany started liberalising its labour market 10 years ago. That brought some welcome results, …

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Filed under Allgemein, Economic Policy, Labour Market

Is a Greek bond buyback really as daft as some economists suggest?

European leaders are toying with the idea of  buying back Greek debt on the …

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Filed under Economic Policy, Financial Crisis

Why the Euro crisis is the key to a stronger Europe

This essay originally appeared in the first issue of “TLQ - The Digital Magazine For Thought …

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Filed under Banking, Economic Policy, Financial Crisis, Monetary Policy

Excessive austerity doesn’t pay, IMF economists show

It is probably one of the most important trips in Greece’s modern history. On …

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Filed under Economic Policy, Financial Crisis

Why there's more in Draghi's may-day speech than markets realise

Mario Draghi (Photo by Monika Flueckiger/ World Economic Forum, via Wikipedia)
At first sight, Mario …

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Filed under Economic Policy, Monetary Policy

Europe's Austerity Pipe Dreams

Economic history suggests that Europe won’t be able to fulfil its budgetary pledges. A …

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Filed under Economic Policy, Financial Crisis