Eurozone: a real growth or a simple bounce up?

According to what Mario Draghi claimed during the last press conference in Frankfurt, in the next few months the ECB will adapt its monetary policy to the better Euro-System conditions, even if it has decided to not change the expansive approach followed until today. Stepping back to the day before the press conference, we can […]

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A never-ending Quantitative Easing

Last week the European Central Bank announced it will be softening the impact of the Quantitative Easing program, reducing the bond purchases from 60 to 30 billion euros per month from January 2018. The net asset purchases are intended to continue at least until September 2018 or beyond as the continent’ s strengthening economy has not […]

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Joint Contribution for the ECB-MC Model

“Policy models cannot be expected to have the same tight structure as theory models. […] Different classes of macro models are needed for different tasks.” (Olivier Blanchard)   During the Annual Research Conference organised by the ECB on the 25th and 26th of September 2017, Vítor Constâncio, Vice-President of the ECB, held the opening speech. The meeting, […]

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