How abnormal was the stock market in October 2008?

By: Paul De Grauwe, Leonardo Iania, Pablo Rovira Kaltwasser

Last month saw a stock market move with a probability of occurring only once in 73,357,946,799,753,

900,000,000 years. What does this tell us about modern finance?

Fannie and Freddie on the rope

By: Wolfgang Münchau

When house price are expected to decline by 30%, some strange things are happening

Why this may well be the last ECB rate rise this cycle

By: Aurelio Maccario, Unicredit

Never before did the ECB experience a similar divergence between inflation and growth. If core inflation remains in check, the peak in headline inflation is nigh, and GDP will settle below potential for several quarters.

Why this may well be the last ECB rate rise this cycle

By: Aurelio Maccario, Unicredit

Never before did the ECB experience a similar divergence between inflation and growth. If core inflation remains in check, the peak in headline inflation is nigh, and GDP will settle below potential for several quarters.

Should central banks publish their interest rate forecasts?

By: Stefan Gerlach, University of Frankfurt

No. The level of uncertainty is simply too high.

Welcome to the brave new world of stability-oriented stagnation

By: Jörg Bibow

This article disputes the "bipolar theory" of global policy decoupling, with the euro challenging the dollar for global hegemony. To the extent that it is happening, it is not welcome development.