The euro area experienced an unprecedented surge of inflation in 2021 and 2022 followed by a decline in 2023 and 2024. The ECB raised policy rates too late. Simple rules would have prescribed an earlier response. The policy easing since summer 2024, however, is quite in line with such rules....

The euro area experienced an unprecedented surge of inflation in 2021 and 2022 followed by a decline in 2023 and 2024. The ECB raised policy rates too late. Simple rules would have prescribed an earlier response. The policy easing since summer 2024, however, is quite in line with such rules....

Quotas are an essential component of the governance structure of the IMF. They define the influence member countries exert in the decision-making processes as well as their financial commitments and access to financing in case of need. - Quota reviews are becoming increasingly contentious and...

Quotas are an essential component of the governance structure of the IMF. They define the influence member countries exert in the decision-making processes as well as their financial commitments and access to financing in case of need. - Quota reviews are becoming increasingly contentious and...