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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FinTech more promising technology: The Blockchain

What is a blockchain… From Wikipedia: “A blockchain is a distributed database that maintains a continuously growing list of records, called blocks, secured from tampering and revision. Each block contains a timestamp and a link to a previous block. Through the use of a peer-to-peer network and a distributed time stamping server, a blockchain database […]

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