Blog
Annulation de dette par la BCE: pourquoi le jeu n’en vaut pas la chandelle
Stanislas Jourdan | 14 January 2021
Depuis le début de la crise Covid-19, un débat a émergé sur la possibilité d’annuler les dettes publiques détenues par les banques centrales. Bien que la proposition soit faisable techniquement, notre …
The truth is out: The ECB cannot run out of money
Stanislas Jourdan | 6 January 2021
In an epic myth-busting exercise, Christine Lagarde recently affirmed that “the ECB will neither run out of liquidity nor fail”, weighing into an odd but highly important debate about the special natu …
ECB Debt Cancellation: A last resort, not a first-best strategy
Stanislas Jourdan | 17 December 2020
Since the outbreak of the Covid-19 crisis, a debate has emerged on whether we should write off public debts owed to central banks. Despite its technical feasibility, cancelling debt is not the first-b …
Policy briefing: How the European Parliament can make the ECB more accountable
Positive Money Europe | 30 November 2020
Positive Money Europe has published a new briefing outlining 12 recommendations on how the accountability of the ECB could be improved.
A real European safe asset: The purchase of EIB bonds by the Eurosystem
Uuriintuya Batsaikhan and Thibault Laurentjoye | 25 November 2020
The conditions are ideal for the EU’s supranational institutions to raise necessary funds for the economic recovery and green transition. The European Investment Bank has been offering a real European …