You've heard of compulsory purchase orders for houses, but few realise it has sometimes happened with the world's favourite precious metal.
It's time for the Bank of Canada to do more to help provincial governments deal with the financial fallout of the coronavirus pandemic.
Like Congress with its $2 trillion bailout, the Fed is engaged in an unprecedented effort to save the US economy and financial system from collapse.
We're running out of interest rates to cut to keep the economy from sinking. Before the next recession occurs, we need to come with an effective approach to monetary policy.
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 US Fed's surprise rate cut might not achieve a lot. But it definitely sends a message the COVID-19 virus crisis is a really big deal.
Modern Monetary Theory allows governments more freedom to run deficits, freedom the Australian government might need.
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?
The Reserve Bank of Australia says it's prepared to ease monetary policy further if needed to stimulate the economy. But is the policy working when interests rates are so low?
Every one of the 13 economists surveyed by The Conversation thinks more stimulus is needed. None think it should all come from the Reserve Bank. Most think the budget surplus can wait.
Ross Gittins on the government’s “surplus obsession”
The Conversation, CC BY29.3 MB (download)
As the Australian economy continues to struggle, many argue that stimulus is needed, urging the government to abandon its "surplus obsession".
The IMF has increasingly turned its focus to growing inequality worldwide. Ironically, research shows that policy reforms it mandated exacerbated income inequalities.
In many countries people are now paying more for bonds than they will receive at maturity. These negative interest rates should make it a good time for investment.
The debate about the mandate of the South African Reserve Bank must be located within a clearly articulated political vision and social compact on the kind of society South Africans aspire to.
Why the coming generation of cryptocurrencies could force us to rethink the entire monetary system.
A former senior economist with the Reserve Bank of Australia doubts Facebook's cryptocurrency will take control of monetary policy away from central banks.
The next set of instructions handed to the Reserve Bank will have to be realistic. That might mean a big change.
The state of budget-balance fetishism in Australia means political leaders promise to balance the budget, no matter what.
Last time Australia got lucky. We are unlikley to get lucky again.