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John Vickers

John Vickers

1 commentaries

John Vickers, Warden of All Souls College, Oxford, is a former chief economist of the Bank of England and a former member of its monetary policy committee, and a former Chairman of the UK Independent Commission on Banking.

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  1. op_schauble6_YANNSCHREIBERAFPviaGettyImages_ecbcovid Yann Schreiber/AFP via Getty Images

    Are We Risking a Debt Pandemic?

    Wolfgang Schäuble

    Even in a crisis as grave as the COVID-19 pandemic, money is not a panacea, and borrowing makes sense only if it is carried out prudently and reasonably. Otherwise, states will jeopardize their long-term financial flexibility, price stability, and competitiveness.

    worries that monetization of pandemic-related government borrowing will boost inflation and erode competitiveness.
    3

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