
The High Stakes of Rising Inflation
Nov 30, 2021 warns that growing pressure on prices is a global phenomenon, posing a crucial test for central banks.
Otmar Issing, former chief economist and member of the board of the European Central Bank, is President of the Center for Financial Studies at Goethe University, Frankfurt.
Nov 30, 2021 warns that growing pressure on prices is a global phenomenon, posing a crucial test for central banks.
Jul 16, 2021 worries that central banks are ignoring potential new sources of upward price pressure and uncertainty.
Nov 3, 2020 explains why Modern Monetary Theory amounts to (poisonous) old wine in a new bottle.
Oct 2, 2020 offers four reasons why other central banks should be wary of emulating the new US monetary-policy strategy.
Dec 2, 2019 questions the wisdom of central bankers who want to assume responsibility for tackling climate change.
Nearly three months after Russia launched its invasion, Western countries appear more committed than ever to Ukraine’s defense, and, in some quarters, to Russia’s defeat. We asked PS commentators what outcome the West, Russia, and Ukrainians themselves can realistically expect.