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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. benami155_ Ilia Yefimovichpicture alliance via Getty Images_netanyahu Ilia Yefimovich/Picture Alliance via Getty Images

    The Last Days of Netanyahu?

    Shlomo Ben-Ami

    In Israel's recent parliamentary election, voters stopped Prime Minister Binyamin Netanyahu's leadership of the country toward xenophobic theocracy. But Israel now faces a period of political deadlock, and it remains to be seen whether Netanyahu really will be politically sidelined.

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  2. oneill66_getty images_world Getty Images

    The Return of Fiscal Policy

    Jim O'Neill

    With interest rates at record lows and global growth set to continue decelerating, there has rarely been a better time for governments to invest in infrastructure and other sources of long-term productivity growth. The only question is whether policymakers in Germany and elsewhere will seize the opportunity now staring them in the face.

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