“Powell Reiterates Commitment to Accommodative Policy As Vaccinations Remain the Key to Recovery” By Marc Dupont, courtesy of the Mercatus Center As the virus-stricken U.S. economy transitions into 2021, many are just beginning to see the light approaching at the end of the tunnel. President Joe Biden was sworn into office on January 20, […]
Tag: monetary policy
Inflation on the horizon?
By Dr. Juan Castañeda and Professor Tim Congdon, courtesy of IEA In 2020 the world economy is likely to experience an output fall and increases in unemployment rates comparable to those in the Great Depression years of the early 1930s. The policy reaction to the pandemic will increase budget deficits massively in all the […]
The coronavirus and the bubble economy
By Olivier Kessler, courtesy of ECAEF Chances are that the current stock market drama will go down in the history books as a “corona crash”. Focusing on the trigger, however, would overlook something essential. In retrospect, the complex and opaque developments in history are often reduced to a few specific events. This corresponds to […]
Europeans take the Euro for granted
By Joris Melman and Giuseppe Porcaro, courtesy of the Bruegel Institute How can we understand citizens’ attitudes towards the euro and its politics? A previous research project studied narratives of the euro crisis and explored the blame game that marked these years. The study found part of the answer to why it has been so hard […]
Christine Lagarde at the ECB: chronicle of a failure foretold
By Etienne Chaumeton, courtesy of IREF In economics, the future is necessarily uncertain, because it is subject to the decisions of a multitude of individual actions. The recent arrival of Christine Lagarde to the presidency of the European Central Bank (ECB) on November 1, 2019, however, seems to mark the first stage of […]
Will Blockchain Undermine Central Bank Control – Or Amplify It?
By Erik Sass, TES Editor-in-Chief Since the launch of Bitcoin in 2009 cryptocurrencies have proliferated, powered by blockchain technology using distributed computing platforms. Many have grown with the belief that they will remain free from the control of central banks and treasuries, thus providing an alternative to fiat currencies, whose value may change […]
EU needs banking overhaul
With the EU’s leadership in transition, there are a lot of ideas for the new powers that be to sort through (or ignore, as they case may be) when it comes to reforming the continent’s financial infrastructure. There are also mixed verdicts on central […]
Central banks need to tell everyone to suck it up
While monetary policy has an important role to play in combating economic downturns, central banks have assumed an outsized importance at the expense of other policy options, writes Dr. Michael Ivanovitch in a commentary for CNBC, arguing that central bankers need to […]