Posts by mhamed:

The eurozone has sunk in the muddy waters of negative interest rates and quantitative easing without a way out in sight. The resentment of eurozone important players towards negative interest rate policy dates back to its introduction in 2014. It is only recently that we are seeing a push back against the prospect the central […]

Just in 5 years, the European Central Bank (ECB) has inflated its consolidated balance sheet, bringing it from €2.2 tn in early 2015 to €5.3 tn at the end of March 2020, through unconventional monetary policy. Quantitative Easing (QE) in the euro zone truly started in March 2015, when the public sector purchase programme (PSPP) […]

Since January 2013, the inflation rate has mostly been below its target of “below, but close to 2% over the medium term”. In fact, inflation has been unexpectedly low across much of the developed world and economists speak of a “missing inflation” puzzle. Also, there is evidence of a downward trend in inflation due to […]

The Governing Council of the European Central Bank (ECB) met yesterday to decide on further easing of conditions for refinancing. It did not decide to ramp up bond purchases, but reiterated that it is fully prepared to increase the size of the Pandemic Emergency Purchase Programme (PEPP) and adjust its composition, by as much as […]

Just two days after our article “EU pandemic response, Truth be told” was published, Bloomberg wrote “Officials in Brussels have a tendency to pad out their flashy headline figures with the theoretical stuff. But investors trying to gauge the strength of the policy response would be advised to peer a little closer.” This is a […]

The president of the European Commission, Ursula von der Leyen, said “The European Union has the most comprehensive package of measures combating the coronavirus and it is deploying different instruments in order to have the biggest impact for solving the crisis”. This statement has triggered my curiosity and led me to look into the package […]

Yanis Varoufakis, the former finance minister of Greece, had a front row seat for the EU’s last existential crisis. Now that Europe, as well as the rest of the world, is struck with coronavirus, he claims that European leaders are making the same mistakes all over again. “They are dealing, just like in 2010. They […]

International organisations, UN agencies, NGOs and others have recently called for international support for Africa in the fight against COVID-19 and its social, environmental and economic impact. UNCTAD, UNECA and Oxfam are among those who have issued calls. What caught by attention is the call made by the former president of Nigeria, Olusegu Obasanjo, co-signed […]

An online discussion economic policies for pandemic exit and post area is slated for April the 22nd at 15:00 GMT+1. You can join the team on webconferencing system. Just in case the system fails, please go to Zoom meeting. The ability of governments around the world to reopen the economy ultimately depends on their ability […]

Besides addressing the daunting emergency health needs caused by the COVID-19 pandemic, governments are also taking economic responses to address the socio-economic impacts of the outbreak. Governments have announced the revision of the 2020 budget, prioritizing spending and diverting resources to the health sector. the fiscal space is further constrained by the fall of revenues […]

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