The Great Debate

from Breakingviews:

Fed fundamentalists deserve fresh listen

June 3, 2014

By Rob Cox

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Breakingviews:

Europe slides towards the next Minsky Moment

May 19, 2014

By Neil Unmack

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Anatole Kaletsky:

Time to stop following defunct economic policies

By Anatole Kaletsky
April 19, 2014

Can economists contribute anything useful to our understanding of politics, business and finance in the real world?

from The Great Debate UK:

How central bankers have got it wrong

September 24, 2013

If you asked someone to list the chief qualities needed to be a good central banker I assume that the list may include: good communicator, wise, attention to detail, clear thinking, credibility, and good with numbers.  However, in recent months these qualities have been sadly lacking, most notably last week when the Federal Reserve wrong-footed the markets and failed to start tapering its enormous QE programme.

from Anatole Kaletsky:

When illogical policy seems to work

By Anatole Kaletsky
June 13, 2013

It’s cynical, manipulative and hypocritical – and it looks like it is going to work. How often do you hear a sentence like this, to describe a government initiative or economic policy?  Not often enough.

from MacroScope:

India’s central bank battles alone in inflation struggle

April 19, 2011

INDIA-ECONOMY/RATES What more does India's central bank have to do? Last week data showed March inflation rising to almost 9 percent on an annual basis. More importantly, core inflation is above 7 percent for the first time in 3 years meaning demand-side pressures are rising fast. And that's despite the Reserve Bank of India raising interest rates eight times since last March.

Central banks face crisis of confidence

September 29, 2010

Central banks around the world are facing the worst crisis of confidence since the 1930s, as investors, households and firms question their commitment and ability to deliver price stability.

The Knightian dog ate my recovery

By J Saft
August 31, 2010

Remember when business and economic leaders droned on about “100-year storms,” 2008′s get-out-of-jail free card for people who missed the housing bubble?

from MacroScope:

Central banks should hedge: Gary Smith

August 10, 2010

Gary Smith, head of central banks, supranational institutions and sovereign wealth funds at BNP Paribas Investment Partners, has written a special guest blog for Macroscope in which he argues that central banks should consider ways to hedge their FX reserves against the crisis.

A rising tide of capital controls

November 19, 2009

jamessaft1.jpg(James Saft is a Reuters columnist. The opinions expressed are his own)

Easy money in the United States, a falling dollar and growing flows of funds seeking better returns in emerging markets are touching off a new round of capital controls in hot emerging markets, a trend that could accelerate and will at the very least increase market volatility.