May 24, 2022
Over the previous year we have heard constant talk of the transitory nature of inflation and the reasons why it will be transitory.
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June 18, 2020
The policy reaction to the Covid-19 pandemic will increase budget deficits massively in all the world’s leading countries. The deficits will to a significant extent be monetised, with heavy state borrowing from both national central banks and commercial banks.
July 30, 2019
Greek Unemployment peaked at 27.5%, more than 400,000 people emigrated in a single year, and the debt-to-GDP ratio reached 180%.
February 16, 2018
A ‘free’ banking system without a central bank provides incentives for banks to act with restraint. Their lending policies are, in effect, tied to each other. If one over-reaches, it will be pulled back as others present notes to and demand reserves from the bank that is lending recklessly.
September 1, 2017
On 15 August, Air Berlin was forced to file for bankruptcy after the withdrawal of funding from Abu-Dhabi based Etihad Airways, which holds 29 percent stake in the German carrier.
February 10, 2017
Mario Draghi's latest comments expressing his support for continuing the European Central Bank´s Quantitative Easing drew much controversy from northern Eurozone countries.
May 18, 2016
As growth rates in the Eurozone gather steam, policymakers’ concerns are increasingly shifting to low inflation.
May 1, 2016
As growth rates in the Eurozone gather steam, policymakers’ concerns are increasingly shifting to low inflation. According to Eurostat, consumer prices in the Eurozone have declined by 0.2% in the past year.
February 1, 2014
The combination of ideological prejudice and direct economic interests may yet do a great deal of harm to international trade… and to our own welfare.