As Covid-19 spreads, causing more countries to take counter-measures, Central and Southeast Europe is no exception. ING’s latest report said that collectively it is downgrading the 2020 GDP outlook on the back of virus fears.
After a year of panicky anticipation of a new recession scheduled for 2020 in Europe, on the brink of this fateful year, when only a little more patience had to be tolerated for a new economic drive, the consensus among...
The inflation targeting strategy has been pursued worldwide for 30 years, and has become one of the most widely used monetary policy regimes. According to this strategy the inflation target communicated to the public is the...
At a time when many central banks conduct a monetary policy based on near-zero or negative policy rates, expectations — not only of future interest rates, but also inflation — are playing an increasingly significant role....
The US Secretary of the Treasury Steven Mnuchin suggested in Davos that imposing a digital tax in Europe may result in customs duties imposed on European cars. In addition, the future of Asia was discussed as well as the role of...
The global financial crisis was the catalyst for regulatory change in several areas of financial system. One of the reforms was to introduce macroprudential policy as necessarily complementing the existing microprudential...
Ten years after the financial crisis, the world’s major central banks are facing the difficult task of supporting economic growth with limited room for maneuver in the area of monetary policy.
Central banks may use conventional or unconventional forms of monetary policy. Whichever is chosen by the European Central Bank (ECB) it influences all Central and Southeast European (CSE) countries.
Since 1990, Poland has adopted almost all possible exchange rate regimes, starting with a fixed rate, through a crawling peg, and finally a free floating rate.
The economy needs inflation. Striving for optimal inflation means striving for economic growth. The ECB is struggling to meet its inflation target and there is nothing more to resort to if the recession finally comes, says Prof....