Since the crisis, there have been major changes in current account imbalances: whereas the global surplus was concentrated in China and oil exporters in the pre-crisis period, capital is today mainly exported from the euro area, Japan and a few other advanced economies. Moreover, although in the...

On aggregate, the energy system related impact of Brexit on EU citizens and companies will be limited. With or without the UK, the EU will be able to pursue its energy and climate policy goals relatively unaltered. - An immense number of very important details will need to be resolved in a short...

This study provided by Policy Department A at the request of the European Parliament's Committee on Industry, Research and Energy (ITRE) shows that the energy-system related impact of Brexit on EU citizens and companies will be limited. The EU will be able to complete its market, achieve its...

This study provided by Policy Department A at the request of the European Parliament's Committee on Industry, Research and Energy (ITRE) shows that the energy-system related impact of Brexit on EU citizens and companies will be limited. The EU will be able to complete its market, achieve its...

On aggregate, the energy system related impact of Brexit on EU citizens and companies will be limited. With or without the UK, the EU will be able to pursue its energy and climate policy goals relatively unaltered. - An immense number of very important details will need to be resolved in a short...

Discussions on how the ECB should reduce monetary policy accommodation as growth picks up in the euro area are gaining momentum. Given that the ECB's main interest rate instrument was constrained by the zero-lower bound, monetary accommodation has also been implemented through a number of...

Discussions on how the ECB should reduce monetary policy accommodation as growth picks up in the euro area are gaining momentum. Given that the ECB's main interest rate instrument was constrained by the zero-lower bound, monetary accommodation has also been implemented through a number of...

While the Eurosystem has considerably improved its operational transparency in the last few years, it is still lagging the Federal Reserve System (Fed), especially in terms of the information it provides on operating costs and staff numbers, for which it provides very scarce data. In addition,...

While the Eurosystem has considerably improved its operational transparency in the last few years, it is still lagging the Federal Reserve System (Fed), especially in terms of the information it provides on operating costs and staff numbers, for which it provides very scarce data. In addition,...

Critics of ECB loose monetary policy warn against the risk that this policy squeezes banks' profits, which could ultimately lead to higher lending rates and lower credit supply. This discussion has arisen in the euro area in particular, as banks' profitability is low on average and some banks...