Antonio Fatas on the Global Economy

Most governments in advanced economies have been unable to deliver on debt sustainability for the last decades. In some cases increasing spe...

The US Federal Reserve just announced the third round of quantitative easing (QE3) by signaling a commitment to keep rates low for a long(er...

Mario Draghi presented yesterday one more plan with great promises but short of details (as usual) to save the Euro. Markets are happy, but ...

I have written before about the confusion that exists in the press about the interpretation of the excess reserves that commercial banks cu...

Mario Draghi disappointed markets yesterday by not offering a clear commitment to any concrete policy action to resolve the turmoil in Europ...

As the debate on the appropriateness of doing more fiscal and monetary stimulus continues, here is a reflection on something that I never un...

Can a monetary union work without being a fiscal federation? This has been a question that has been repeatedly asked since EMU became a proj...