ECB
Is Monetary Policy Independence Out of Date? A Mini-Course With Paul Tucker (Part 3)
The Federal Reserve and the ECB have been taking unprecedented steps to react to the financial impact of Covid-19. To frame the debate around the...
What the European Union Can Do to Overcome Liquidity Shortages for Firms
European institutions can mitigate the negative impact of the coronavirus crisis: the European Investment Bank (EIB) can borrow from the European Central Bank (ECB) and...
This Is Not the Time to Be Cautious. We Need to Contain the Economic Contagion of the Coronavirus
The real danger is that the virus mutates and infects our economic system, even as we manage to root it out of our bodies....
The ECB Can Save the Italian Economy and Prevent a New Euro Crisis Triggered by Covid-19 Fallout
The Italian government's effort to contain the coronavirus will have significant economic consequences. Italy should be allowed to ask for emergency help with one...
Governments and Central Banks Have a Few Unpleasant Options to Stop the Economic Contagion
The global economy and financial markets are seriously hit by the coronavirus outbreak. Central banks can do something, but monetary policy is not enough. A fiscal stimulus might mitigate the impact, but the record-level outstanding amount of public and private debt adds additional risk to the current perfect storm.
A Former Central Banker Tells Other Central Bankers: “Stay Away From Davos”
In an interview with ProMarket, former Bank of England deputy governor Sir Paul Tucker explains why the “unelected power” of central bankers threatens our...
