While central banks did help mitigate a COVID-induced recession, they don’t have the power to solve our inflation problem.
Central banking was given to technocrats whose job is to make the difficult decisions. But there are parameters. And within these, central bankers must act independently, without fear or favour.
While Trump’s nominee to join the Fed favors returning to the gold standard, an economist explains why the US and the rest of the world abandoned it in the first place.
Much of what we now think is obvious about politics and economics was worked out by Alberto Alesina.
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.
The days of using interest rates to keep the wheels on are at an end.
Central banks are expected to act without fear or favour. But to deal with climate change, they may have to encourage financial institutions to favour certain types of activities over others.
A human rights approach offers central banks a new tool for understanding the true costs and benefits of their operations.
South Africa’s new finance minister comes with considerable skills and political finesse needed to steer the country out of its economic quagmire.
President Trump has been attacking the Fed’s current policy of slowly raising interest rates. A former central bank official explains why that’s so troubling.
With countries such as China and Sweden are studying plans to create a new form of money – a central-bank digital currency. CBDCs risk revolutionizing both the way money is created and distributed.
As the governor of China’s central bank oversees the stability of the world’s second largest economy, this leadership change is one the global economy is watching closely.
New Zealand’s new government wants the central bank to focus on maximising employment. But experience from other countries shows this is unlikely to change policy.
The chair of the Federal Reserve is often considered the world’s ‘second-most-powerful person.’ So who is Jerome Powell and why does it matter that he may soon head the Fed?
A new report suggests the board of the Reserve Bank of Australia should income a “representative of the poor”. This is a proposal worthy of consideration.
South Africa’s Public Protector, has been exposed as incompetent after trying to meddle with the constitutional mandate of the country’s central bank.
Randal Quarles, the president’s first nominee to the Federal Reserve’s board of governors, has argued the bank should use rules to make decisions. But could such a shift prove disastrous in a crisis?
There’s a raging debate in South Africa about the role of its central bank. This is inevitable given that so much is changing in the world of central banking and in economic life.
South Africa’s Public Protector, Busisiwe Mkhwebane has touched on two highly contentious issues: the unresolved bailout for a local bank three decades ago. And the role of the country’s Reserve Bank.
The Federal Reserve lifted rates for the second time this year and expects to do so once more, suggesting it’s fairly confident the economic recovery will continue. Is it overconfident?