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Public Support for the Euro and Trust in the ECB: The First Two Decades (Vox EU, 8 min read) Insights from surveys in member countries of whether the public still supports the ECB and single currency (monetary union). The main findings include: support for the euro is consistently higher than both trust in the ECB and trust in national governments. After the crisis of 2008-2013 public trust in the ECB had deteriorated and the rate of unemployment is the key factor explaining changes in support for the euro and trust in the ECB. [Bearish ECB]
Financial Stability Should Be Central Banking’s Prime Objective (Project Syndicate, 4min read) Former Chief Economist of Citi, Willem Buiter, argues that financial stability rather than stable prices should be primary objective of central banks. Argues for higher rates and also counter-cyclical macroprudential policy. [Bearish bonds]