It is necessary to point to the Fed’s actions to understand tremors in world markets, but central bankers should never have been held solely responsible for the restoration of macroeconomic stability
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Climate Crisis
Aditya Chakrabortty: The small town that started a community revolution across Europe
Not only did the little community of Wolfhagen in Germany take over its electricity grid from the multi-national E.ON, but in the meantime has gone over to renewable energy. All of this in the hands […]
Finance
Frances Coppola: Why central bankers don’t understand inflation
“The job of the central bank is not to set the current level of inflation, but to keep wages down by influencing people’s expectations of the future level of inflation.” Read here
Austerity
Simon Wren-Lewis: The Media and Attitudes to Austerity
Why was austerity popular? “Many people would argue that the macroeconomic case for fiscal stimulus was complex, while simple analogies between governments and households were easier to grasp. However I have also argued that the […]
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