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ECB Paper Identifies Most Growth-Friendly Cuts

A European Central Bank paper has weighed in on a big debate among economists in recent years: how much of an effect fiscal belt-tightening has on the economy.
The paper was written by a pair of economists–one from the ECB and one from the International Monetary Fund–and concludes that fiscal consolidation does have a damping effect on growth over the short term, but it isn’t particularly long lasting.


Source: http://blogs.wsj.com/economics/2014/07/25/ecb-paper-identifies-most-growth-friendly-cuts/?mod=WSJBlog

Start Circling Dates on Your 2015 ECB Calendar

Central Bank geeks, this is the moment you’ve been waiting for. The European Central Bank has released its calendar for next year, reflecting its new policy of having monetary policy meetings once every six weeks, rather than once a month.
The first policy meeting of 2015 will be on January 22 in Frankfurt, with the next one not falling until March 5 (which happens to be in Cyprus).


Source: http://blogs.wsj.com/economics/2014/07/17/start-circling-dates-on-your-2015-ecb-calendar/?mod=WSJBlog
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