Simon Tilford
Can Draghi Be Believed?
LONDON – Mario Draghi, the president of the European Central Bank, has repeatedly claimed that the ECB will do everything necessary to save …
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As recession takes hold in Europe, the US recovery falters, and emerging-market growth weakens, central bankers - especially at the Fed and ECB - are being pressed into action to shore up the global economy. But whether they can foster sustainable recovery – and, if so, how – is a matter of intense debate. Project Syndicate's economists consider the options.
Central Banks in the Firing Line
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Martin Feldstein
Is Inflation Returning?
CAMBRIDGE – Inflation is now low in every industrial country, and the combination of high unemployment and slow GDP growth removes the usual…
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Peter Sutherland
Europe’s Solidarity Imperative
LONDON – When Mario Draghi, the president of the European Central Bank, publicly proclaimed that the ECB would do “whatever it takes” to ens…
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Kenneth Rogoff
How Long for Low Rates?
CAMBRIDGE – How long can today’s record-low, major-currency interest rates persist? Ten-year interest rates in the United States, the United…
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Kemal Derviş
Mario Draghi’s Guns of August
WASHINGTON, DC – August has been a dangerous month in European history, but this year it could be the turning point for the eurozone – and p…
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Jean-Claude Trichet
Standards for Non-Standard Monetary Policy
PARIS – The widespread introduction of unconventional monetary-policy measures by major central banks has been a defining characteristic of …
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Martin Feldstein
The Impotence of the Federal Reserve
CAMBRIDGE – The United States Federal Reserve’s recent announcement that it will extend its “Operation Twist” by buying an additional $267 b…
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Jeffrey Frankel
The Death of Inflation Targeting
CAMBRIDGE – It is with regret that we announce the death of inflation targeting. The monetary-policy regime, known as IT to friends, evident…
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Raghuram Rajan
Central Bankers under Siege
CHICAGO – Poor Ben Bernanke! As Chairman of the United States Federal Reserve Board, he has gone further than any other central banker in re…
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Sylvester Eijffinger, Edin Mujagic
The Coming Fed Fight
TILBURG – There is no longer much doubt that Mitt Romney will be the Republican Party’s nominee to challenge President Barack Obama in the U…
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