Archive for June 13th, 2013

Bundesbank challenges ECB’s OMT in German court!!

June 13, 2013

I missed this issue completely but thanks to this voxeu article woke upto it. I mean EZ crisis is one crazy event and events around the crisis keep making you pull your hair once in a while. Germans did not like the support being given to peripheries and there were court cases against EFSF etc. But those cases were mostly by German econs (as far as I can recollect).

It now seems Bundesbank (which is a ECB member and biggest ECB shareholder) has filed a case in German court against Outright Monetary Transactions:

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A review of NBER’s research work in Political Economy

June 13, 2013

A superb summary by Prof Alberto Alesina of Harvard in the latest NBER reporter.

Apart from super coverage of super papers, what surprised me is this pol eco research program started only in 2006!

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