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The European Central Bank (ECB) is the central bank of the European Union, which is responsible for the monetary policy of the Eurozone. The ECB is an independent institution, which works to ensure price stability in the Eurozone, and to promote economic growth and financial stability. The ECB sets the interest rates for the Eurozone, and is responsible for the issuance of the Euro currency. The ECB is headed by a President and is responsible to the European Parliament. The ECB also works in partnership with the national central banks of the Eurozone countries. The ECB has become increasingly influential in recent years, as it has had to take on a greater role in the management of the Eurozone crisis. The ECB publishes regular press releases and holds regular press conferences, to keep the media and public informed about its decisions and activities. The ECB also produces regular economic reports, which provide an overview of the Eurozone economy and monetary policy. The ECB also regularly produces videos and articles about the Eurozone economy and monetary policy. These videos and articles provide an insight into the work of the ECB, and can help to explain the decisions and actions of the ECB.
The new Cercas book is El loco de Dios en el fin del mundo. That title translates roughly as “The crazy man of God at the end of the world,” noting there are ambiguities in who that man is (Cercas? The Pope?), and whether the end of the world refers to a trip to Mongolia […]
Question: One common argument against public assistance taking the form of direct cash handouts is that the recipients will use the money to buy things that taxpayers find objectionable, e.g., illicit drugs, gambling, etc. To avoid this outcome, the argument goes, public assistance should take the form of in-kind transfers, e.g., food, housing, medical care, […]
Nice speech by Megan Greene, MPC member of Bank of England In this speech, Megan Greene explores how the Bank of England, ECB and Federal Reserve are managing their balance sheets; whether this creates trading opportunities in financial markets; and if this has an impact on monetary policy implementation. She finishes by setting out her…