After the hustle and bustle of the capital city, our train passed through the countryside. Small family farms with goats abutted a busy railway. Our destination also lay in between the pastoral and the modern—the Hungarian city of Kecskemét is host to not only a new factory that produces the latest Mercedes cars, but also …Read More
Adequate ECB Policy Reduces Risks For five years, many German academics and the mass media have warned that the unconventional policies of the European Central Bank (ECB) would lead to higher inflation. Year after year, the facts have proven them wrong. Inflation has fallen to just 0.3 percent for the euro zone instead. Even Germany …Read More
“Your objective is to make Europe a world leader in information and communication technology, with all the tools to succeed in the global digital economy and society. […] To do so, we will need to break down national silos in telecoms regulation, in copyright and data protection legislation, and in the management of radio waves.” …Read More
The latest monetary decisions made by the U.S. Federal Reserve (Fed) and the European Central Bank (ECB) are keeping analysts very busy. The two key questions central bank watchers are grappling with are: Is the Fed going to tighten monetary policies earlier than expected and will the ECB be forced to enact a broad program of …Read More
How mobile are workers in the euro currency area? Everyone directly or indirectly involved in devising, designing, and implementing the single European currency had to deal with this question in great depth, with good reason. According to Robert Mundell, winner of the Nobel Prize for Economics, one of the elementary characteristics of an optimum currency …Read More
About a year ago, markets were experiencing serious taper tantrums. At the time, ECB President Mario Draghi proudly defended the fact that unwinding outright asset purchases, and therefore reducing its huge balance sheet, was only a challenge for the U.S. Federal Reserve (Fed), and not for the euro zone. Indeed, at the time, European banks …Read More
Dr. Nicole Renvert is a political scientist with a special focus on the analysis of think tanks, foundations, and Non-Governmental Institutions. Her recent book “Power Brokers in Difficult Times” reviews the role of German Political Foundations in transatlantic relations. Dr. Renvert has studied History, International Relations, and Political Science at the Universities of Bonn, the …Read More
Now set to directly purchase asset-backed-securities, ECB President Mario Draghi is leading the Euro Zone in the opposite path of the U.S. Federal Reserve. AICGS Business & Economics Program Director Alexander Privitera analyzes the impact of the announcement for the Euro Zone.
Mario Draghi, the president of the European Central Bank, knows a thing or two about the importance of timing. As markets anxiously wait for new clues from the central banker about the possibility of the launch of a full blown, European version of QE, it is important to put a few things into perspective. The …Read More
As economic growth in Germany falls short and French prospects begin looking up, now is the time for a new Grand Bargain over debt and reform in the Euro Zone. AICGS Non-Resident Fellow Peter Rashish details the impact of French President Francois Hollande’s recent successes in economic reform, including removing left-wing cabinet members from office.