Unremunerated reserves in the Eurosystem. Robert McCauley and Julien Pinter argue that imposing unremunerated reserves on euro area banks would likely push bank intermediation offshore out of the euro area
Tax incidence and deposit relocation risks Read More »
Unremunerated reserves in the Eurosystem. Robert McCauley and Julien Pinter argue that turning huge remunerated excess bank reserves into zero-yielding required reserves is a tax on banks
Unremunerated reserves in the Eurosystem: heads I win, tails you lose Read More »
Paul De Grauwe and Yuemei Ji argue that a better policy would avoid transferring central bank profits to commercial banks
Monetary policies that do not subsidise banks Read More »
Andrew Bailey looks at the varying forces currently acting on the British economy and what they mean for monetary policy
The hard yards recovering from COVID Read More »
Charles Goodhart and Manoj Pradham consider the risks if inflation stays high, and call on central banks to develop plans to deal with persistent inflation
What to do if the inflation increase is persistent Read More »
Marek Dabrowski believes a continuation of asset purchasing involves the risk of higher inflation
Monetary arithmetic and inflation risk Read More »
