Part 1. Short-term Inflation and Risk Factors Although inflation (defined in nominal terms as an increase in the general price level) is increasing. in the US, UK, and the Euro area, following a long period of deflation and a pandemic slowdown in economic growth. Yet it is too early to claim that the current inflation...Read More

The GPI response to the ECB Review invitation, in preparation, examines briefly the first decade of the life of the ECB from 1999, but concentrates on the evolution of the ECB monetary policy, during the second decade, following the Global Financial Crisis. Looking forward – with the added problems posed by the recovery from the...Read More

The ‘America First’ Endgame argues that we are currently witnessing the ‘endgame’ of the international system established by the USA in the immediate post-WWII period. It is against this background that the US has enacted a new monetary, fiscal, trade and foreign policy mix, ‘America First’, which amounts to a coherent and comprehensive financial war...Read More

GPI Senior Fellow and Head of GPI China, Michele Geraci, was interviewed by CGTN about the new Italian government, and its attitudes towards markets and the Eurozone.  Read More

There is little doubt that the on-going sovereign debt and banking crisis within the Eurozone will have an enormous impact on the future of the European Union (EU). Indeed, the fate of the entire European project hangs in the balance. The eventual outcome of the crisis cannot yet be known as of this writing in...Read More

In the wake of the recent Irish debt crisis, the UK Coalition government decided not to take part in a new rescue fund for troubled eurozone members, suggested by France and Germany. This decision comes in spite of the UK’s pledge to support the EU-IMF rescue efforts for Ireland through a bilateral loan of more...Read More