Category Archives: Inflation

Inflation

Where you can find me these days

Posted on June 13, 2019 by fmpdea

As expected, I have moved to fresher pastures. I have been the Economics Editor at sister publications NordSIP and Ekonamik since the beginning of January 2019 and want to invite you to check out our content. Both publications are focused … Continue reading →

Posted in A € for your Thoughts, Aides Memoire, Banking, Blog Maintenance, Brazil, China, Current Events, ECB, Economic Concepts, Euro-zone Update, European Integration, European Interdependences, European National Politics, Finance, History, Indicators, Inflation, Media Coverage, News Round up & Comment, Political Concepts, Risk Scenario Analysis, Sovereign debt Crisis, UK, USA, Visions of the Political Future of Europe, Week Ahead, Weekly Bond Yield developments in the Euro Area, World Affairs | Leave a comment

A note on the Feasibility ECB Quantitative Easing

Posted on April 8, 2014 by fmpdea

Recent comments from the ECB about potential attempts to mitigate a decrease in inflation through QE have led to an increased interest in the articles posted on this website about the SMP and the CBPP. However, such interventions were pursued for different … Continue reading →

Posted in Current Events, ECB, Euro-zone Update, Inflation, Sovereign debt Crisis | Tagged CBPP, Draghi, ECB, Euro-zone, Euro-zone divergence, Inflation, LTRO, OMT, QE, Quantitative Easing, SMP, Sterilisation of ECB OMOs, Target2 | 2 Comments

What Happened in 2012?

Posted on January 29, 2013 by fmpdea

This post takes a long overdue look at the monetary, financial, economic and political developments that took place during 2012 and the trends at the end of the year. It’s an exercise in taking stock and follows a relatively simple … Continue reading →

Posted in Aides Memoire, Banking, Current Events, ECB, Euro-zone Update, European Integration, European Interdependences, European National Politics, Finance, Indicators, Inflation, Sovereign debt Crisis, Uncategorized, USA, World Affairs | Tagged 2012, Balance of Payments 2012, Bank Lending Survey, Banking Union, BoE, BoJ, Bond markets, Bonds, Central banks balance sheet, Consumption 2012, Corporate Bond Bubble, Current Account Balance 2012, Deflation in Japan 2012, ECB, EU in 2012, Euro-zone in 2012, Europe in 2012, External balance of trade goods, External balance of trade services, External Trade Balance, Fed, Financial Account Balance 2012, Government debt, Government Expenditure, Holders of government bonds, Holders of government debt, Inflation 2012, Investment 2012, Japan in 2012, Lending to SMEs survey, Long Term Refinancing Operations, LTROs, Monetary base, Monetary supply, OMT, Outright Monetary Transactions, politics of Germany, politics of Greece, politics of Italy, politics of Portugal, politics of Spain, politics of UK, QE, Quantitative Easing, Sovereign Credit Ratings, UK in 2012, USA in 2012, Voter intention polls, What Happened in 2012, Where is the money going to?, Yearly Review | 1 Comment

The European Banking Union Negotiations – Supervision

Posted on December 9, 2012 by fmpdea

The banking union is a particularly important item in the long term reform agenda of the EU/Euro-Zone, and one that has often been neglected. In a crisis that is characterised by the linkages between public finances and the banking sectors, … Continue reading →

Posted in Banking, ECB, European Integration, European Interdependences, Finance, Inflation, Sovereign debt Crisis, Week Ahead | Tagged Banking Union, Denmark, ECB, European Bank Deposit Guarantee, European Bank Deposit Guarantee Scheme, European Banking debt resolution, European Banking Supervision, European Banking Union, European Banking Union Negotiations, Financial Stability, France, Germany, Landesbank, Landesbanken, Price Stability, Scope of supervision, Spain, Sweden, UK, Voting rights | Leave a comment

A Brief Review of the Eurosystem’s TARGET2 Imbalances

Posted on November 5, 2012 by fmpdea

This post is a long overdue look at the infamous TARGET2 (im)balances, which are yet another symptom of the ongoing malaise in the Euro-Zone. I do not claim to make any new contribution in this post, whose motivation was exclusively … Continue reading →

Posted in Aides Memoire, Banking, ECB, Economic Concepts, Finance, Indicators, Inflation | Tagged Accounting, Assets, Balance of Payments, Banking Union, Banks, Buiter, Capital Flight, Central Banks, Clearing, Core, Corporates, Current Account Deficits, Deposit Facility, Deposit Flight, ECB, ECB Longer Term Refinancing Operations, ECB's Main Refinancing Operations, Equity, Euro, Euro-zone, Euro-Zone Banking Union, Eurosystem, Foreign deposit flight, Former Soviet Union Republic, Former Soviet Union Republics, FSURs, Germany, Households, ISA, Koning, Liabilities, LTRO, MRO, OMTs, Outright Monetary Transactions, overdrafts, Periphery, Ruble-Zone, Seignioreage, Settlements, Sinn, SOMA, Spain, Target2, TARGET2 imbalances | 5 Comments

Balassa-Samuelson Effect

Posted on July 28, 2012 by fmpdea

This post considers the famous and somewhat contentious issue of Purchasing Power Parity (PPP), and the deviations from it explained by what is known as the Balassa-Samuelson Effect. In doing so it is hoped it will facilitate the understanding of … Continue reading →

Posted in Economic Concepts, Inflation, Uncategorized | Tagged Baldwin, Buiter, Catching Up, Causes of High Price Levels, Drivers of Inflation, Exchange Rates, Inflation, Nominal Exchange Rates, PPP, Price Level, Purchasing Power Parity, Real Exchange Rates, RER, Wyplosz | 1 Comment

Euro Update (14) – Persistence of the Status Quo

Posted on February 7, 2011 by fmpdea

This week was rather bland in its eventfulness. It was eventful because of the ECB governing council meeting and because of the meeting of the Council of the EU. It was bland because nothing special came of it. Despite all … Continue reading →

Posted in Current Events, ECB, Euro-zone Update, Inflation, Sovereign debt Crisis | 1 Comment

Euro Update (12): Talking down inflation fears and rising momentum for expansion of EFSF

Posted on January 27, 2011 by fmpdea

In a recent post I mentioned that inflation fears had led to an increase in the monetarily conservative tone of the rhetoric emanating from the ECB’s Frankfurt’s headquarters. According to media reports (e.g.:Bloomberg), these seem to have faded away as … Continue reading →

Posted in ECB, Euro-zone Update, European Interdependences, Inflation, Sovereign debt Crisis | Tagged ECB, EU Expenditure, European Fiscal Federalism, Portugal, Sovereign Debt Crisis, Trichet | Leave a comment

Euro Update (11)- Expanding the EFSF, Inflation and Berlusconi

Posted on January 19, 2011 by fmpdea

Contrarily to what this post’s title might imply, since the Portuguese debt auction a little more than a week ago, not much of significance has happened in Europe. A look at the main websites focused on reporting EU news, shows … Continue reading →

Posted in Current Events, Euro-zone Update, Inflation | Tagged EFSF, European Fiscal Federalism, Italy, Trichet bonds | Leave a comment

Euro Update(7): Inflation will increase the tensions between the ECB and the Member states.

Posted on January 5, 2011 by fmpdea

As the Eurozone’s inflation exceeds the ECB’s target of 2% for the first time since the financial crisis, pressure will mount within the its governing council for interest rates to be increased. This will put it somewhere between a rock … Continue reading →

Posted in Banking, ECB, Euro-zone Update, Inflation | Tagged Banking crisis, ECB, Inflation | Leave a comment