Economics

Monetary Policy

Mario Draghi, President of the European Central Bank (ECB) , addresses the media during his monthly news conference in Frankfurt (REUTERS/Kai Pfaffenbach).

Opinion

Europe on a Slippery Slope

April 17, 2013, Thomas Wright

Thomas Wright examines the ongoing euro crisis and challenges the notion that the integration or disintegration of the eurozone are products of deliberate decisions, arguing that they are processes set in motion by actions regardless of the stated intentions of leaders. Looked at this way, Wright says, the eurozone is in serious trouble.

Recent Activity

Refine by: U.S. Economic Performance | Global Financial Crisis | Fiscal Policy | Federal Reserve System

  • In the News

    Certainly there is going to be a lot of talk about currency valuation, and maybe some reference in the [G20] communique [in Moscow], although most of it will be below the surface.

    February 11, 2013, Domenico Lombardi, Financial Times

  • In the News

    With the rating agencies discredited and markets vulnerable to adverse news on the economy, the period of unusual uncertainty could be prolonged.

    February 5, 2013, Donald Kohn, Bloomberg

  • In the News

    [While quantitative easing by the Bank of Japan] may have an effect on the exchange rate, it is not the same as outright currency intervention. Moreover, the U.S. would be hard pressed to criticize Japan as the [Federal Reserve] has also resorted to quantitative easing to avoid deflationary pressures.

    January 17, 2013, Mireya Solís, Reuters

  • In the News

    The largest sources of uncertainty for the U.S. are internal, and foreign leaders may want to understand that.

    January 11, 2013, Domenico Lombardi, Bloomberg

  • In the News

    History will have judged Ben Bernanke to have been an outstanding chairman who did what he had to do under extremely difficult circumstances.

    October 31, 2012, Donald Kohn, Bloomberg

  • In the News

    Central banks are under a lot of scrutiny right now. It's partly because they are using these unconventional measures that people don't really understand and don't really trust.

    September 2, 2012, Karen Dynan, Reuters

  • In the News

    Why is it that we've had such incredibly accommodative monetary policy for so long and we've had so little growth?

    September 2, 2012, Donald Kohn, Wall Street Journal

  • In the News

    The Fed has the power to stimulate the economy. Perhaps that power is somewhat limited, but it can certainly do more than it is currently doing.

    August 1, 2012, Justin Wolfers , Politico

  • In the News

    My sense is that Republicans will be highly critical of the Fed if it pursues additional stimulus in any form. Venturing into mortgage markets beyond buying mortgage-backed securities seems to be a step too far into fiscal policy for Fed critics.

    July 26, 2012, Sarah A. Binder, Bloomberg Businessweek

  • Podcast

    @ Brookings Podcast: The Debt Crisis in the Eurozone

    July 15, 2011, Domenico Lombardi

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