RealTime Economic Issues Watch
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RealTime Economic Issues Watch

In RealTime posts, PIIE senior staff and colleagues discuss the fast-moving economic news, financial developments, and public policy choices confronting the United States and the world.

Author Archive: Angel Ubide

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The ECB Should Act to Avert the Risk of Deflation in the Euro Area

by Angel Ubide | May 23rd, 2013 | 10:31 am

For years, observers of the European Central Bank (ECB) have been hearing the same line from its former President, Jean Claude Trichet: “We have one needle in our compass, and that is price stability.” This precept should contribute to understanding the central bank’s policy stance: When price stability is assured, there is no need to [...]

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The EU Stress Tests and the Experience in Spain

by Angel Ubide | July 29th, 2010 | 09:00 am

In the days following publication by the European Union of the long-awaited stress tests of its banking sector, the market reaction—judged by the evolution of the euro, bank stocks, and peripheral spreads—has looked positive. This makes sense. The hundreds of pages of analysis of the impact of the stress tests have focused on individual banks, [...]

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