Eurozone crisis

This tag is associated with 7 posts

Main takeaways from ‘In or out of Europe?’ Brexit debate

Tiziana Simonetti (ABC Economics) on the “In or out of a Europe? And which Europe?” seminar which took place on 24 November at King’s College University in London on the upcoming Referendum on the European Union and the Brexit scenarios.  Organised by the Italian Society of King’s College London,the panel featured representatives from the UK … Continue reading

Oil prices, inflation expectations, and monetary policy

An article originally appeared on VOXEU / The 2014 decline in oil prices lowered short-run inflation. Before the Global Crisis, the medium-term correlation between oil prices and inflation was weak, but it has become much stronger since the onset of the Crisis. This column suggests that following the onset of the Crisis, inflation expectations reacted … Continue reading

The impact of monetary easing on government bonds and equity markets

Stefano Fugazzi (ABC Economics) – The following chart exhibits the changes in the 10-year government bond yields in the United Kingdom, United States and within the Eurozone (mean value across the single currency members). The reader will observe that there have been some marked fluctuations in yields in recent months, particularly in the euro area. This … Continue reading

Bailouts, spreads and yields in Germany, France and PIIGS

Stefano Fugazzi (ABC Economics) – Having previously observed the sovereign debt market reaction to the announcement of Greece’s bailout programmes, we now switch our focus to the EU financial assistance granted to three of the so called “peripheral Member States” of the euro zone: Ireland (who joined the EU aid programme in 2010), Portugal (2011) … Continue reading

La curva di Phillips per valutare l’impatto dell’euro su inflazione e disoccupazione

Stefano Fugazzi (ABC Economics) – In macroeconomia, la curva di Phillips è una relazione inversa tra il tasso di inflazione e il tasso di disoccupazione. Essa afferma che un decremento della disoccupazione (ovvero un aumento del numero degli occupati) corrisponderà ad un aumento del tasso di inflazione. L’economista neozelandese Alban William Phillips (1914 – 1975), … Continue reading

Eurozone Phillips curve: how the euro affected inflation and unemployment

Stefano Fugazzi (ABC Economics) – In economics, the Phillips curve is a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result in an economy. Stated simply, a decrease in unemployment, (i.e. increased levels of employment) in an economy will correlate with higher rates of inflation. Although he had precursors, A.W.H. Phillips’s … Continue reading

What caused the great recession in the Eurozone? What could have avoided it?

Economists disagree over the origin of the Eurozone Crisis. This column uses a quantitative framework to sort through the various channels and policy impacts. It argues that fiscal and macroprudential policies are complements, not substitutes. Prudent fiscal policy is helpful but cannot by itself undo private leverage booms. Both prudent fiscal policies and macroprudential policies … Continue reading

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