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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

Foreign Demand for Euro-Based Debt, Equity Rose in 2013

FRANKFURT–Foreign demand for euro-denominated assets improved in 2013, pushing the exchange rate to its second-largest annual increase since the euro was created in 1999, the European Central Bank said Wednesday.
Greater movements of global capital into the euro zone, plus the bloc’s higher current account surplus, have boosted the euro’s exchange rate, ECB executive board member Benoit Couere said at a press conference presenting the ECB’s annual report on the euro’s international use.


Source: http://blogs.wsj.com/economics/2014/07/16/foreign-demand-for-euro-based-debt-equity-rose-in-2013/?mod=marketbeat
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