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Curated by Project Syndicate

Central Banks in the Firing Line

18 commentaries

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.

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  1. rodrik184_SUSAN WALSHPOOLAFP via Getty Images_jerome SUSAN WALSH/POOL/AFP via Getty Images

    Beware Economists Bearing Policy Paradigms

    Dani Rodrik

    US President Joe Biden's administration has embarked on a bold and long-overdue departure from the economic policy orthodoxy that has prevailed in the US and much of the West since the 1980s. But those who are seeking a new economic paradigm should be careful what they wish for.

    explains why the last thing the world – or the economics profession – needs is a new ossified orthodoxy.
    1
  2. fpanetta1_GUIDO KIRCHNERdpaAFP via Getty Images_eu sdg GUIDO KIRCHNER/dpa/AFP via Getty Images

    A Global Accord for Sustainable Finance

    Fabio Panetta

    With national climate commitments and a renewal of multilateralism both gaining momentum, there is a unique opportunity to forge a global consensus on issues such as carbon pricing, the green transition, and sustainable finance. In each case, the European Union offers a promising model for others.

    sees an opportunity for an international agreement to set investment standards for the green transition.
    2

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