Macroeconomics - Daily News Briefing
Germany has another Landesbank
09.01.2009
German governments injects €10bn in Commerzbank for a 25% stake; German exports fell by over 10% during November; France emulates Germany’s attempts to set up a fund to support credit constrained companies; Merkel and Sarkozy have a tough message for Obama: don’t block our attempts to reregulate finance; how about this for a record: the Bank of England, meanwhile, cut interest rates to the lowest level since 1694.
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2009 Prospects – Trench Warfare
08.01.2009
By: Satyajit Das
And this is the author's outlook for 2009.
Global Liquidity & Capital Flows – Grand Illusions
28.11.2008
By: Satyajit Das
The focus of the November 2008 G-20 meeting was firmly on financial sector reform. Stabilisation of global capital flows in the short term and addressing global imbalances over the medium to long term barely merited a mention. It may well come to be seen in coming weeks and months as a major missed opportunity to address these issues.
Why interest rates will fall to 2% or below by next summer
13.11.2008
By: Aurelio Maccario
The ECB's November rate cut will be remembered as a missed opportunity just as the rate hike in July represented a monetary policy mistake.
Forget about monetary policy
11.11.2008
By: Wolfgang Münchau
Interest rate cuts may be desirable, but they are ineffective in dealing with the current crisis. The only effective instrument to prevent to sustained economic downturn is fiscal policy.
14.10.2008 No, this is not going to work
06.10.2008 Can the IMF Save the World?
23.09.2008 Debunking the Paulson plan
11.09.2008 European growth : what's to be done
07.09.2008 Two scenarios for the financial crisis
Eurointelligence Briefing Notes
Economic reforms in the euro area: Is there a common agenda? by Xavier Debrun and Jean Pisani-Ferry, Bruegel
Despite the recent growth revival, the state of the euro area economy remains vexingly disappointing. What is taking place is too little, too late and the very fact that output growth only started to pick up in the fourth year of the global recovery suggests that something must be wrong. Against this background, the overriding priority remains to design and implement policy packages aiming at: Increasing potential output through higher employment, higher labour participation, and higher productivity; Ensuring that actual output does not lag behind gains in potential output.