Tag: European Central Bank

Bad Economics May Cause More Inflation

Any major monetary expansion causes inflation. This past year, a combination of domestic restrictions on economic activity, speculation in the headwind of uncertainty, and the overall nature of energy markets, created inflationary pressure where under normal economic circumstances none would have existed.

France: Macron Awards ECB Chief Lagarde with Prestigious Title

The ceremony, honoring Lagarde’s distinction for her “contribution to the renown of France” took place in the winter garden of the Élysée Palace. The event fuelled speculation as to what Macron’s intentions may be.

Inflation Persistent in the Euro Zone

Reflecting concerns for continued high inflation, a survey of professional forecasters published by the ECB showed a considerable 1.1 percentage-point rise in expected euro-zone inflation for the first quarter of 2022.

The Euro at 20: Dysfunction by Design

The euro itself is only part of the failure. An entire structure of government institutions, laws, and even constitutional provisions were erected around it in order to secure its success. It all looked impressive two decades ago; today, the structure itself, from the European Central Bank (ECB), to the so-called Stability and Growth Pact, is a package of sordid evidence that even under democratic governments, central economic planning is a bad idea.

The Euro at 20: A Failed Experiment

The common currency was a gigantic economic experiment, an application of political preferences rather than the product of sound scholarly research. As is always the case with grand government plans, for every problem they solve a new one is created.

A Preliminary Look at the Spanish Government’s Recovery Fund Spending

Spanish political life will polarize around those offering policies that have straightforwardly led to present difficulties, and those whose program has promised to drastically reduce a state whose regional level is notoriously hypertrophic and reindustrializing the country. VOX is the most obviously poised to take advantage of this. 

Inflation: A Silver Lining

Central banks are recognizing that their own sustained monetary expansion has now awoken the sleeping giant of inflation. The goal now is to avoid trapping us in the same protracted inflation period we experienced 40 years ago.