DIW president Marcel Fratzscher on the European Central Bank's latest announcements:
At the end of World War II, 40% of the pre-arranged Soviet occupation zone in Germany was under the control of the Allied Expeditionary Force. This occupation was very short-lived and the Red Army gained full control of the Soviet zone less than ...
Europe has been growing ever closer since World War II while simultaneously undergoing impressive political and socio-economic changes. However, Project Europe ...
Economists have discussed extensively what to do to reform the European Project and how, but have been broadly silent on who and when. Which institutions and rules are needed, and when? This eBook shows that such institutional questions, although ...
This paper assesses redenomination risk in the euro area. We first estimate daily default-risk-free yield curves for French, German, and Italian bonds that can be redenominated and for bonds that cannot. Then, we extract the compensation for ...
In May, the EU Commission presented its proposal for the EU budget for 2021 to 2027—a period of change for the EU. Not only will Great Britain’s exit from the Union leave a significant hole in the budget, but at the same time the budget must cove
The ECB announced in October 2018 that it would begin to cut back the amount of monthly asset purchases starting January 2018 while extending the duration of the purchases until at least September 2018. At it latest Governor’s Council meeting in ..
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