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Vitor Constâncio

VMRConstancio

Many papers have emerged analysing the March episode of price collapse and illiquidity in US treasuries, an unprecedented event in the “deepest and most liquid “ financial market in the

Amid the Trump shenanigans of last week, the relevant speech by the FED Chairman J. Powell was perhaps not much noticed. He clarified some aspects of the new monetary framework

Powell speaking at the Jackson Hole just revealed the FED´s new monetary framework. As expected, it is based on averaging inflation targeting (see my tweet https://twitter.com/VMRConstancio/status/1296439646684164096?s=20 ) without indicat

Historic, unprecedented, essential, are all deserved adjectives to qualify the EU Summit decision on the €750bn Recovery deal. Common debt issuance (almost Eurobonds) to fund European fiscal stimulus in a

Replying @dandolfa @farmerrf . I misinterpreted that FTPL was the underlying reason for your statement that in the long term inflation is always fiscal. The Sargent-Wallace paper implies that but

I have seen tweets sent from Italy, criticising the ESM and quoting me. I want to recall the whole gist of what I have written. The ESM was crucial in

A quick way to have European common debt financing expenditures to deal with the crisis would be to use the EU Commission to issue bonds to finance exceptional programmes within