Should central banks publish their interest rate forecasts?

By: Stefan Gerlach, University of Frankfurt

No. The level of uncertainty is simply too high.

Fannie and Freddie on the rope

By: Wolfgang Münchau

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

Time to play hardball with the Irish

There are only two solutions to the Irish dilemma, both involving the retention of the Lisbon Treaty: Offer the Irish a meaningless protocol that provides guarantees they already have, or force them out of the EU.

Time to decouple from the Fed

The US and Europeanj economies might not be decoupled, but the central banks are. The ECB is not only justified in purusing a different approach. It is likely to succeed as well.

A tale of two countries

France is reforming, Germany is not only not reforming, but anti-reforming, with new minimum and soon perhaps maximum wages. So why is everybody so optimistic about Germany, and so pessimistic about France?

Lessons from the 1970s

There is no prospect of a global depression. Our single most important problem is the rise in inflation at a global level, which the world's largest central banks have underestimated. The situaiton is worst in the US where we are seeing a return to the Arthur Burns Fed.