
Euros & Dollars: Do Not Blame ECB for Lingering Inflation
Inflation varies wildly across the euro zone. Economists have not yet been able to explain why; here is my hypothesis.
Inflation varies wildly across the euro zone. Economists have not yet been able to explain why; here is my hypothesis.
With inflation and the business cycle moving in very different directions across the euro zone, the ECB’s expected rate cut may end up being of no real economic consequence.
The Swedish Riksbank stands out in international comparison—and not to the advantage of the Swedes.
The ones who get to enjoy lower rates are the ones who live on the right side of the euro-zone border. But not in the way we usually think of the euro zone.
Since 2004, ten countries in Eastern Europe have proven that EU membership does not guarantee economic success.
Bulgaria is on the cusp of joining the euro but has not yet set a firm accession date. They would be wise in waiting to give up their own currency.
Failure to meet ECB inflation expectations and lack of public support contributed to central bank’s decision.
Why is it so hard for the ECB to admit that inflation is a monetary phenomenon?
A combination of ominous economic forces beyond the control of the government will make minced meat of Sweden’s euro-skeptic holdouts.
Nine EU states are now in a recession. The ECB can help the continent ease the downturn, but they are up against bigger forces of economic stagnation.