Monetary policy

The inflation lesson we failed to learn from

It is a pity we hardly teach history anymore. Or economics. Let alone economic history. Because if we knew a bit about the past, we might have a better idea of our future. Especially as we are grappling with inflation. [...]

Europe’s path to Mexico’s debt crisis

The moderate increases in the European Central Bank’s interest rates are far from being brutal but the writing is on the wall that Europe’s monetary party is about to end, and Southern Europe has remarkable parallels to Mexico and Latin America in the 1980s. [...]

How central banking lost its way

Stability is the task for which central banks were established. But by becoming involved in social, indigenous or environmental policy areas, central banks lost sight of it. [...]

Too much of a good thing

Successful economies have low unemployment. However, these are no ordinary times, and New Zealand’s ultra-low unemployment rate of 3.2% should worry everyone. [...]
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