…higher nominal GDP, but will likely increase German inflation as well; this will set the stage for tighter, rather than accommodative, ECB policy. Although Kantoos did acquiesce that the ECB…

…and the BoE do not sterilize their flows, the ECB does. And my interpretation of ECB rhetoric and policy as of late is that they want out of the secondary-bond…

…noticing an interesting correlation between German-based inflation (supposedly not relevant, per se, to ECB policy), Eurozone HICP inflation (the ECB’s target rate of inflation), and the refi rate. (Note that…

…sector. This is why the ECB was keen to signal this interest rate as early as possible, to underline the transatlantic policy gap. We don’t think the ECB intends to…

…the ECB’s monetary policy is to maintain price stability. The ECB aims at inflation rates of below, but close to, 2% over the medium term. Today the ECB announced that…

…upside if the ECB feels they are taking care of the downside! The implication is that the ECB is ‘on hold’ for much longer than markets expect. Today, for example,…

by Rebecca Wilder crossposted with Newsneconomics G4 GDP, reaction ECB It’s complicated. The ECB is currently juggling two objectives: perpetually assuaging bond investors in the face of a shaky financial…

…Europe. Go long Eurozone economies selling to China? Is China the panacea for Eurozone growth? Short answer is no, but we’ll attend to that later. Even if the euro wasn’t…

…at least $195 billion in medical debt and the bulk of that debt is owed by people with over $10,000 in debt The total amount of medical debt is difficult…

…recent European experience in 2011 is yet another example of premature tightening. Despite the headwinds from continuing debt-overhang and recent financial distress, European authorities in 2011 judged that the Eurozone…