Fiscal policy
Central banking’s 30-year cycle
Central banking has hit another crossroads, writes Central Banking founder Robert Pringle
Government assets are just as important as deficits – IMF research
Borrowing costs are determined by structure of public assets
Mexican president pressures central bank to focus on growth
Bank of Mexico should cut interest rates “to kickstart the economy”, says Andrés Manuel López Obrador
Brazil’s central bank cuts rates to lowest level on record
MPC cites “benign” global outlook and low inflationary pressures, but calls for more reforms
The tricky business of electing a new IMF managing director
New leadership will face overrepresentation of advanced economies and possibility of dwindling resources
BoE faces bleak outlook as new prime minister appointed
Think-tank says UK may already be in recession, as threat of “no-deal” Brexit looms
St Louis Fed’s Bullard warns about rise of multicurrency systems
Crypto assets may hamper monetary policy transmission and increase exchange rate volatility
Pakistan sharply increases rates on higher inflation
Central bank increases the policy rate by 100 basis points to 13.25%
Local policy impact can be dispersed in currency unions – Bank of Spain research
Study analyses effect of large post-crisis fiscal stimulus implemented in Spain
Mexican peso falls on finance minister resignation
Crisis complicates inflation outlook and fuels fear of political interference in independent institutions
BdF paper models tax evasion’s impact on sovereign default
Widespread tax evasion can undermine austerity plans imposed by donors, argue researchers
IMF to propose amendments to Pakistan central bank law
Changes will support efforts to reverse government debt trajectory, the fund says
RBI steps up liquidity support amid government credit push
Government launches credit guarantees for public sector banks that lend to non-bank financial firms and announces fresh recapitalisation
UK opposition sees greater role for BoE in fighting climate change
John McDonnell says BoE can do more to drive investment in productive, green sectors
Weidmann accepts OMT as ministers discuss Draghi succession
Bundesbank president withdraws his opposition to OMT programme unveiled by Mario Draghi in 2012
IMF formalises strategy on ‘social spending’
Lagarde says tackling inequality, exclusion and other social problems is key to rebuilding trust
Putting modern monetary theory to the test
Sayuri Shirai asks whether MMT might hold the solution to Japan’s stagnation
Martin Feldstein, 1939–2019
The US economist was hugely influential in shaping both policy and economic research
Global imbalances require ‘carefully calibrated’ policies – IMF
Report comes as G20 leaders warn about imbalances concentrated in advanced economies
Carney warns of ‘global liquidity trap’
BoE governor says model of “capital flows at risk” highlights important vulnerabilities, but reserves may still be too big
Climate change – Where can central banks contribute?
Climate change is becoming increasingly important to central banks thanks to its implications for financial stability. In a forum sponsored by Amundi, Central Banking convened a panel of experts to discuss the latest innovations, regulations and…
Trinidad and Tobago prime minister ridicules central bank’s migrant figures
Acting PM says he has “no idea” how central bank estimated cost of migrant crisis
Bank of Spain calls for reform of pensions system
Governor sees need for national consensus to secure sustainability of current system
Costa Rican central bank backs government’s external financing plans
Move would reduce pressure on domestic rates and boost economic growth, it says