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.
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Articles on Central banks
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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.
Much of what we now think is obvious about politics and economics was worked out by Alberto Alesina.
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.
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.
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?
The World Bank’s latest report on Nigeria deserved closer scrutiny, just like the opinions of economic experts outside government.
The days of using interest rates to keep the wheels on are at an end.
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.
Top contributors
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Visiting Professor at the Business School, University of the Witwatersrand
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Professor of Economics, University of Nebraska Omaha
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Senior Lecturer in Economics, The Open University
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Senior Lecturer in Economics | Freelance Consultant, Sheffield Hallam University
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Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
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Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria
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Visiting Faculty in Economics, Emory University
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Associate Professor of Markets, Public Policy and Law, Boston University
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Senior Lecturer in Economics, Sheffield Hallam University
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Professor of Economics, UNSW Sydney
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Professor of International Economic Affairs at The Fletcher School, Tufts University
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Professor of Macroeconomics, University of Sydney
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Lecturer in Economics, University of the Witwatersrand
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Distinguished Professor and Derek Schrier and Cecily Cameron Chair in Development Economics, School of Economics and Business Sciences, University of the Witwatersrand
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Professor of Finance & Insurance, University of the Witwatersrand
