Central banks are facing an epic battle
Where next for inflation, interest rates and economic growth? Steve Schifferes believes that fears of a 1970s-style stagflation could become a reality
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MACROECONOMICS
Examining how the overall economy—the markets, businesses, consumers, and governments—behave, focusing on long-term economic growth and shorter-term business cycles
A response to criticisms of proposals to overhaul the EU fiscal framework
The European Commission has proposed an important and ambitious overhaul of EU fiscal rules. Marco Buti, Jakob Friis and Roberta Torre respond to the criticism
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Monetary policies that do not subsidise banks
Paul De Grauwe and Yuemei Ji argue that a better policy would avoid transferring central bank profits to commercial banks
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New EU fiscal rules and governance challenges
Guido Lorenzoni, Francesco Giavazzi, Veronica Guerrieri and Leonardo D’Amico argue for a new system of fiscal rules that goes in the direction of a political and fiscal union
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Monetary policy in difficult times
The UK economy has been buffeted by large disturbances in the last couple of years. Andrew Bailey sets out the key elements of monetary and financial stability policy
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What can we learn from recent events?
Lael Brainard considers the lessons learned from the pandemic, supply shocks, inflation, and the challenges for monetary policy
What can we learn from recent events? Read More »
Beyond Gross Domestic Product
Paul Allin, Diane Coyle and Tim Jackson argue that changing how we measure progress is key to tackling a world in crisis
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A story of tailwinds and headwinds
Aggregate supply tailwinds are turning into headwinds, raising inflationary pressures and calling for a policy reset, argues Agustín Carstens
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Is the dismal science back?
Daniel Dăianu looks at the role of economics in society and says miracles are not possible, and economics cannot be seen as alchemy
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Monetary policy and the Great Volatility
The Great Moderation was a period of prosperity. Isabel Schnabel argues that it is up to central banks whether today’s challenges will lead to the Great Volatility
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