# Blog

Brazil can learn from Spain: don’t delay adjustment

This post first appeared in the FT’s beyond brics blog. Brazil’s economy and politics have long been playing with fire. Now the rest of the world risks getting burnt by waiting for the crisis to be addressed domest...

10th May 2016 by Guntram Wolff 2336 views

# Blog

Why Grexit would not help Greece

The genie is out of the bottle: Europe is again discussing the possibility of Greece leaving the euro. With it, the debate has re-emerged whether this would be helpful or not for Greece and whether there would be contagi...

6th January 2015 by Guntram Wolff 2896 views

# Blog

What is behind the reduction of private sector debt? Comparing Spain and the UK

Spain and the United Kingdom are well ahead in the road to economic recovery [ref]See i.e. “Spain’s recovery boosts labour market“, Financial Times, for Spain and “Chart: The UK reaching pre-crisis GDP ...

2nd December 2014 by Guntram Wolff 2776 views

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# Publications

Eurosystem collateral policy and framework: Was it unduly changed?

All Eurosystem credit operations, including the important open market operations, need to be based on adequate collateral. Liquidity is provided to banks against collateral at market prices subject to a haircut. The Euro...

17th November 2014 by Guntram Wolff 7689 views

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# Publications

Addressing weak inflation: The European Central Bank’s shopping list

There are clear benefits to price stability. High inflation can distort corporate investment decisions and the consumption behaviour of households. Changes to inflation redistribute real wealth and income between differe...

6th May 2014 by Guntram Wolff 5114 views

# Interviews

An evaluation of the Troika’s programmes in the euro area

On Friday April 19th 2013, Bruegel fellows Jean Pisani-Ferry, André Sapir and Guntram Wolff presented a study evaluating the Troika’s recent programmes in the euro area. The presentation took place at the Peterson ...

22nd April 2013 by Guntram Wolff 2625 views

# Interviews

Crecimiento y Desendeudamiento. ¿Es posible? ¿Cuáles son las alternativas?

XVIII Reunión del Círculo de Economía: “Crecimiento y Desendeudamiento. ¿Es posible? ¿Cuáles son las alternativas?” por Andreu Mas-Colell, Wolfgang Münchau, Carmen Reinhart y Guntram Wolff. Andreu Mas-Colell ...

5th June 2012 by Guntram Wolff 2398 views