Featured Archives - IREF Europe https://en.irefeurope.org/category/featured/ Independent research and policy analysis on fiscal, monetary, and regulatory issues in Europe Sun, 23 Jan 2022 12:35:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://en.irefeurope.org/wp-content/uploads/sites/3/2026/04/IREF-LinkedIn-Profile-DarkBlue-scaled.png Featured Archives - IREF Europe https://en.irefeurope.org/category/featured/ 32 32 Review of the Year, and our Expectations for 2022 https://en.irefeurope.org/publications/iref-newsletter/article/review-of-the-year-and-our-expectations-for-2022/?utm_source=rss&utm_medium=rss&utm_campaign=review-of-the-year-and-our-expectations-for-2022 https://en.irefeurope.org/publications/iref-newsletter/article/review-of-the-year-and-our-expectations-for-2022/#respond Wed, 22 Dec 2021 08:48:52 +0000 https://en.irefeurope.org/publications/iref-newsletter/article-review-of-the-year-and-our-expectations-for-2022/ Lest our readers might consider that our seemingly disparate range of monthly topics are randomly chosen, we summarise below how our newsletters attempt to form a pattern enabling some overall analysis of ECB thinking to be deduced. We see increasing parallels between the ECB/ Eurosystem’s approach to creative accounting and masking of its debts, and the banking system’s use of financial engineering to conceal exposures in off balance sheet vehicles.

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]]> https://en.irefeurope.org/publications/iref-newsletter/article/review-of-the-year-and-our-expectations-for-2022/feed/ 0 NO MAGIC WAND FOR PUBLIC DEBT, EXCEPT… https://en.irefeurope.org/publications/online-articles/article/no-magic-wand-for-public-debt-except/?utm_source=rss&utm_medium=rss&utm_campaign=no-magic-wand-for-public-debt-except https://en.irefeurope.org/publications/online-articles/article/no-magic-wand-for-public-debt-except/#respond Wed, 15 Dec 2021 07:05:07 +0000 https://en.irefeurope.org/publications/online-articles/article-no-magic-wand-for-public-debt-except/ Public debt in the whole world keeps growing. As recently reported in “A Mountain of Debt: Navigating the Legacy of the Pandemic” and “The Aftermath of Debt Surges”, it is just the last “debt wave” in a long-established tendency. Yet, the rise has accelerated during the Covid-19 Pandemic: during 2020, public debt increased by 16 percentage points to 120% of GDP in the advanced economies, and by 13 percentage points to 97% of GDP globally. What are the possible ways out?

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