ECB

L’inflazione è un’entità misteriosa, che dietro l’evidenza essoterica dei suoi effetti – nulla è più autoevidente del carovita – nasconde l’esoterico svolgersi di molte alchimie. Un intero sistema economico cerca faticosamente di…

The euro fell below parity with the dollar on 23 August 2022 for the first time in twenty years. The best explanation is monetary policy and not purchasing power. A euro buys a lot more than a dollar, whether the frame of reference is Big…

With food prices rising and energy bills skyrocketing, Europe could experience a winter of street protests, strikes and mass demonstrations. The risk was signaled at the beginning of September by Verisk, a consultancy firm, in a report that…

What does “temporary” mean exactly? It may seem like a matter for philosophers and linguists, but it’s not. In fact, the question is at the very core of the dilemma faced by economists, central bankers and policy makers across Europe, who…

Come professore americano di Economia politica a Bologna, dedico notevoli energie allo studio dell’integrazione monetaria europea. L’Europa mi ha insegnato molto, eppure resto perplesso di fronte a certe decisioni. Perché, ad esempio, i…