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TheCentralBanker

Pierpaolo Benigno

Providing Insights for Market Analysis and Updates from My Latest Research

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Latest Issues

Forward Guidance Is Dead. Long Live the Reaction Function

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The Iran war has, for the moment, settled an argument. In the acute phase of the shock, the dollar strengthened sharply, consistent with the standard safe-haven pattern. The partial reversal during the current suspension does not contradict...

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Is the Digital Euro a Dead End?

This podcast is generated through Notebook LM based on the post “Is the Digital Euro a Dead End?”

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10 months ago
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Is the Digital Euro a Dead End?

There is a marked divergence in policy toward digital money. China and the euro area are pressing ahead with central‑bank digital currencies (CBDCs)—the digital renminbi and the prospective digital euro—whereas the United States has increas...

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  • Pierpaolo Benigno

    Professor of Economics at the University of Bern and Author of “Monetary Economics and Policy: A Foundation for Modern Currency Systems”.

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