Should central banks publish their interest rate forecasts?

By: Stefan Gerlach, University of Frankfurt

No. The level of uncertainty is simply too high.

House prices have 30-40% more to fall

By: Wolfgang Münchau

Here is an interview with me on CNBC on the housing market situation in western Europe and the US.

Central banks must care about asset prices

By: Wolfgang Münchau

The IMF is right to say that asset price matter for monetary policy. But the IMF is wrong to claim that this would be consistent with inflation targeting.

Ten reasons to leave the euro-dollar exchange rate alone

By: Eurointelligence ECB Watch

We have been hearing a lot of anguished comment about the euro-dollar exchange rate. Here are ten reasons why we should leave the euro/dollar exchange rate alone.

Ben's depression

By: Wolfgang Münchau

A return to a monetary policy to stabilise prices ended the Great Depression in the 1930s. This time it will work the other way round. Once the Fed is forced back onto a path of price stability, our depression will begin.

A Run on America

This crisis will mean three things: the end of the US as the world sole economic superpower; the end of the dollar as the global reserve currency, and its replacement by the euro; and the de facto end of Anglo-Saxon transaction-based financial capitalism.