• The 500 Euro banknote nightmare

    The 500 Euro banknote nightmare5

    On May 4th 2016, the European Central Bank has decided to permanently end the production of the €500 banknote by the end of 2018. On the other hand, the circulating €500 banknotes will still remain legal tender and retain their value even after 2018. What’s behind such decision and what are the consequences for the European citizens? Is it feasible for us to have a €500 banknote in our wallet and exchange it within the European Monetary Union? Well, it might depend…

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  • Policy dead-end: Central Banks’ continued use of DSGE Models

    Policy dead-end: Central Banks’ continued use of DSGE Models0

    The financial crisis ushered in an era where monetary policy has been disproportionately tasked with mending a sluggish economy. Central banks have taken, far from their original remit, extraordinary, and historically unprecedented steps in an attempt to boost economic activity, stabilise financial markets and spur inflation. With central banks wielding ever-greater influence on economic policy, the continued use of questionable policy-setting models, such as the Dynamic Stochastic General Equilibrium or DSGE model, should be reviewed.

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  • Egypt and climate change: let your civil society grow strong

    Egypt and climate change: let your civil society grow strong0

    We are in the midst of the 22nd session of the Conference of the Parties (COP 22) to the UNFCCC which is scheduled to take place from 7-18 November 2016 in Marrakech, Morocco. During COP 22, parties will begin preparations for the entry into force of the Paris Agreement. The agreement adopted last December to limit global temperature increase below 2C. This reduction can only be achieved through a significant reduction in the emission of greenhouse gases caused mainly by burning of fossil fuels.

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