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BEIJING – Fixated on inflation targeting in a world without inflation, central banks have lost their way. With benchmark interest rates stuck at the...
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All posts tagged "central bank"
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Joseph Stiglitz asks why US policymakers are considering an interest-rate hike at a time of below-target inflation.
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LONDON – In 1993, the economists Alberto Alesina and Larry Summers published a seminal paper that argued that central bank independence keeps inflation in...
Court
Billionaire Donald Sterling sued celebrity website TMZ and an ex-girlfriend over the recording of his off-color remarks that cost him ownership of the...
Business
– – Bloomberg declared the Israeli Shekel to be the “World’s Worst Currency” after it went on an up and down ride last week....
World News
The European Central Bank is expected to end emergency lending to Greece’s banks on Sunday, BBC news reports. The country’s banks depend on...
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There are several definitions of financial repression – and the repressors and the repressed tend to see things differently. But what financial repression usually...
World News
Come to Asia and you will hear a growing chorus of concern that China is building a sphere of influence in the region. To...
The A-List
The low rate of inflation in the United States is a puzzle, especially to economists who focus on the relationship between inflation and changes...
World News
India’s banking sector, dominated by state players since late 60s, might be on the verge of a “fundamental transformation”. The next generation of...