Monetary policy in the euro area will remain expansionary for a long time to come December 13 Comment on the latest ECB Council Meeting The euro area reform deal is a disappointing compromise December 4EU finance ministers have struck a euro area reform deal Comment on the latest ECB council meeting (June 14) June 14ECB announcement is bold but the right thing to do. Comment on the latest ECB council meeting April 26ECB should not pre-commit itself to a particular policy path. “European Central Bank has to keep all its options open” March 8 Comment on the latest ECB council meeting Is Germany Catching Trump’s Tax Disease? January 26 The fiscal policies proposed by Germany’s emerging grand coalition government look very American. Like the US Republicans' recent tax legislation, they are likely to bring limited short-term benefits to a few and huge long-term costs to many more. Comment on the latest ECB council meeting January 25 The ECB has to strike a delicate balance between preparing markets for an exit from QE. Franco-German proposal for a reform of the European monetary union June 17 Building a euro area with more risk-sharing and more discipline Comment on the latest ECB council meeting December 14 The ECB is acting wisely by resisting pressure for a faster exit from QE. The ECB can only tighten its monetary policy gradually October 26The ECB has chosen a gradual and cautious exit from its expansionary monetary policy stance.