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Thin Ice Macroeconomics

Spyros Andreopoulos

Macro. Central Banks. Europe.

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Latest Issues

Warsh at the Fed: Doves Have Taken Flight

Kevin Warsh arrives at the Fed at a challenging time. Any designs he may have had to lower fed funds have fallen victim to the situation. Christopher Waller’s hawkish turn is indicative of the FOMC mood, and the numbers for a regulation-dri...

3 days ago
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The Case for Euro Stablecoins

In a recent speech, ECB President Lagarde has argued against euro stablecoins. I find instead that euro stablecoins are necessary to defend the euro’s international position – and that they can complement the digital euro. (Long and nerdy p...

12 days ago
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12

Geopolitical World

Ahead of the Trump-Xi summit, some reflections on politics, international relations, and the global economy.

Photo by Matthew Pearce on Unsplash

A few weeks ago, I attended two events that I thought might be worth reporting back on...

18 days ago
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Fed, ECB, and BoJ: A Matter of Credibility

The world’s three most important central banks – the Fed, the ECB, and the Bank of Japan – all left their policy interest rates unchanged this week. Their policy action going forward will be shaped to a significant extent by their respectiv...

24 days ago
16

ECB Meeting Preview: Hawkish Hold, No Precommitment

I expect the ECB to communicate that while a hike is on the table for June, it will not precommit, sticking to its meeting-by-meeting approach. A hike in June seems likely, although I continue to find market pricing too hawkish.

sou...
a month ago
10
1

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  • Spyros Andreopoulos

    Economist writing on all matters macro and markets. Ex European Central Bank, where I conducted monetary policy analysis and prepared meetings and communication. I have also worked at global investment banks.

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