Debate is raging about whether the recent burst of inflation is temporary or here to stay.
Unconventional policies can be used to alleviate — instead of exacerbate — inequality, something Canadians are clamouring for. The Bank of Canada needs to rediscover its former innovation zeal.
The story of how money injections became the go-to policy for tackling economic crises.
With the global financial system on permanent life support, even trillion-dollar stimulus packages can only do so much to restore equality.
Yes, the bank would effectively pay you to borrow money. But negative interest rates won’t please savers, nor will they meet the big challenges of economic recovery.
There’s no indication that handling cash increases your chance of catching COVID-19. But that hasn’t stopped countries around the world from looking at digital currencies.
Creating lots of new money is supposed to produce runaway inflation. The longer that it doesn’t happen, the more this branch of economics appears to have a point.
Long before COVID-19, central banks were lining their stores for winter.
We could welcome the news that prices have been rising much more slowly since the coronavirus pandemic – or we could get nervous.
Markets normally rally when central banks throw trillions of dollars at a problem. But not this time.
The Fed slashed interest rates to near zero but, just as in 2008, it will require unprecedented action to calm panicky markets.
The prospects of the Masters of the Universe fixing this problem look seriously in doubt.
In the week ending February 28, leading stock markets around the world faced their worst week since the financial crisis of 2008. And things could get worse.
Will the all-time lowest rate in the world of -0.75% be enough for these alpine explorers?
The idea that central banks should shift their mandates to take account of climate risks confuses ends and means.
How many people realise that the central banks’ great programme for reviving the global economy involves hand-picking which companies and sectors to help out?
Volcker’s legacy involves more than fighting inflation – he showed why central banks need to remain free of meddling from politicians, including the president.
Central banks are increasingly taking into account climate change in deciding how to invest.
The stage is set for central banks seeking to pull the rug from under Libra by issuing their own digital currencies.
Libra has lost seven of its 28 founding members – but don’t expect that to hold it back.