The end of ‘enjoy now, pay later’
Concerns over government debt have been on the rise. Martin Larch provides a brief history of government debt in the EU and draws attention to some important issues that are normally kept in the background
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Fiscal policy
Setbacks and strides forward
The global economy is facing rifts comparable to the pressures that resulted in ‘economic nationalism, a collapse in global trade and the Great Depression of the 1920s, Christine Lagarde warns
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Reflecting on recent times
Policymakers’ responses to global events have laid bare the challenges and trade-offs inherent in addressing monetary policy and financial stability shocks. Andrew Bailey discusses what lessons can be learnt
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Pandemic-related economic distortions are fading
Jerome Powell addresses the current economic situation and the path ahead for monetary policy, discussing economic events since the pandemic and exploring why inflation rose to levels not seen in a generation
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The effectiveness of monetary policy
Amr Saber Algarhi and Konstantinos Lagos describe how the Jackson Hole symposium, a meeting of bankers in a remote Wyoming valley, could have consequences for us all
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Out of the frying pan into the fire
Patrick Minford argues that the Labour government’s obsession with absurd fiscal rules and muddles over monetary policy will skewer the new Labour government’s policy for UK growth
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South African resilience
We are entering an era of new economic challenges, even as the recent ones have yet to be overcome. Lesetja Kganyago discusses how South Africa is responding to the global economic challenges
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Why do financial crises happen so often?
Jon Danielsson argues that failures in regulation are a key reason for financial crises, and proposes that the authorities adopt diversification to build a more resilient financial system
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How the new EU fiscal rules can succeed
The EU has enacted new rules that overhaul the Stability and Growth Pact. Lucio Pench considers the issues that need to be addressed to ensure the new fiscal rules succeed
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Elections and devaluations
An unprecedented number of voters will go to the polls globally in 2024. Jeffrey Frankel discusses incumbent’s efforts to buoy the economy and the post-election economic situations
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