Examining how the overall economy—the markets, businesses, consumers, and governments—behave, focusing on long-term economic growth and shorter-term business cycles
Willem Buiter, Stephen Cecchetti, Kathryn Dominguez and Antonio Sánchez Serrano summarise central bank policy frameworks used when stabilising financial markets
Lending and market making as a last resort Read More »
Tymofiy Mylovanov and Gerard Roland argue that Ukraine must strive to become a full-fledged liberal democracy
Ukraine’s needed post-war institutional changes Read More »
Olli Rehn discusses the ECB handling of interest rates, and believes that a highly restrictive monetary policy shock can be avoided in the future
By acting swiftly now we can prevent a Volcker shock Read More »
Jerome Powell makes a strong case for limited independence within a democratic framework, warning against a central bank widening its remit and scope too far
Central bank independence and the mandate—evolving views Read More »
Where next for inflation, interest rates and economic growth? Steve Schifferes believes that fears of a 1970s-style stagflation could become a reality
Central banks are facing an epic battle Read More »
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
A response to criticisms of proposals to overhaul the EU fiscal framework Read More »
Paul De Grauwe and Yuemei Ji argue that a better policy would avoid transferring central bank profits to commercial banks
Monetary policies that do not subsidise banks Read More »
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
New EU fiscal rules and governance challenges Read More »
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
Monetary policy in difficult times Read More »
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 »
