# Blog

How can Europe escape recession in 2015?

2014 will be remembered for two major unexpected developments. First, the European Union was caught by surprise by the return of geopolitics. The annexation of Crimea, the military conflict in Ukraine and the increasing ...

23rd December 2014 by Guntram Wolff 3154 views

# Blog

Licht- und Schattenseiten einer Gemeinsamen Arbeitslosenversicherung

Das Problem: Die Arbeitslosigkeit in Europa ist in große Höhen angestiegen. Gleichzeitig bleibt das Wirtschaftswachstum gedämpft. Deshalb ist es an der Zeit, eine Debatte über mögliche zusätzliche wirtschaftspolitische I...

17th December 2014 by Guntram Wolff 2211 views

# Blog

Lessons from the Bank of Japan for the euro area

The decision of the Bank of Japan end of October 2014 to significantly expand its asset-buying programme came as a surprise. The yen weakened and stock markets rallied. The decision taken with only a small majority by th...

18th November 2014 by Guntram Wolff 2298 views

# Interviews

Economic Recovery – Still an Unfinished Business?

Chair: Martin Santa, Head of the Communication Department, Ministry of Finance of the Slovak Republic, Bratislava Ivan Lesay, Senior Advisor to Minister of Finance of the Slovak Republic, Bratislava Jozef Siekla, Chairma...

13th November 2014 by Guntram Wolff 2585 views

# Blog

How can Europe avoid secular stagnation?

Larry Summers crystallized an important question in a recent speech: Has the world economy entered a period of “secular stagnation”? The slow recovery in the United States since the financial crisis is his starting point...

12th November 2014 by Guntram Wolff 3216 views

# Blog

France and Germany: a moment of truth

France and Germany, which together account for half of euro-area GDP, are rightly considered the key to the euro area’s exit from the current impasse of low growth, falling inflation and increasingly dangerous debt traje...

6th November 2014 by Guntram Wolff 2394 views

# Interviews

Eurozone banks’ distress

Guntram B. Wolff gave a Seminar at wiiw on ‘Eurozone banks’ distress: lessons from the United States and Japan’. After the seminar he gave wiiw scientific director Michael Landesmann and interview....

28th October 2014 by Guntram Wolff 8105 views

# Blog

Europe’s fiscal wormhole

The International Monetary Fund now estimates a 30% risk of deflation in the eurozone, and growth figures within the monetary union continue to disappoint. But policymakers seem trapped in a cat’s cradle of economic, pol...

24th October 2014 by Guntram Wolff 2680 views

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# Publications

So far apart and yet so close: Should the ECB care about inflation differentials?

Inflation rates can differ across regions of monetary unions. We show that in the euro area, the US, Canada, Japan and Australia, inflation rates have been substantially and persistently different in different regions. D...

22nd September 2014 by Guntram Wolff 5471 views

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# Publications

Benefits and drawbacks of European Unemployment Insurance

The issue: Unemployment in Europe has increased to high levels and economic growth has remained subdued. A debate on additional policy instruments to address the situation is therefore warranted. Fiscal stabilisation mec...

13th September 2014 by Guntram Wolff 4648 views