Tag Archives: Long Read

In 2020, governments all over Europe and beyond enacted unprecedented fiscal stimulus to keep their economies afloat amidst the pandemic. By the end of the year, a country like France will have engaged or guaranteed at least EUR 300 billion, the equivalent of four years of income tax receipts. Institutions of the European Union (EU) also rightly stepped up to the challenge. Of particular importance has been the response of the European Central Bank (ECB) which launched several...

In 2020, governments all over Europe and beyond enacted unprecedented fiscal stimulus to keep their economies afloat amidst the pandemic. By the end of the year, a country like France will have engaged or guaranteed at least EUR 300 billion, the equivalent of four years of income tax receipts. Institutions of the European Union (EU) also rightly stepped up to the challenge.Of particular importance has been the response of the European Central Bank (ECB) which launched several bond-purchasing...

In 2020, governments all over Europe and beyond enacted unprecedented fiscal stimulus to keep their economies afloat amidst the pandemic. By the end of the year, a country like France will have engaged or guaranteed at least EUR 300 billion, the equivalent of four years of income tax receipts. Institutions of the European Union (EU) also rightly stepped up to the challenge.Of particular importance has been the response of the European Central Bank (ECB) which launched several bond-purchasing...

Between the Anglo-American political horror shows of 2020 and the raging pandemic, something much less theatrical drifted centre stage to play a more than usually important role: interest rates. There is one obvious reason: like waiting to witness a rare celestial event there is a high likelihood that rates will do a shocking, unusual thing and go negative. But there is another important reason that hasn’t, to date, been part of mainstream economic commentary. With more focus than ever on a...

Between the Anglo-American political horror shows of 2020 and the raging pandemic, something much less theatrical drifted centre stage to play a more than usually important role: interest rates. There is one obvious reason: like waiting to witness a rare celestial event there is a high likelihood that rates will do a shocking, unusual thing and go negative. But there is another important reason that hasn’t, to date, been part of mainstream economic commentary. With more focus than ever on a...

Between the Anglo-American political horror shows of 2020 and the raging pandemic, something much less theatrical drifted centre stage to play a more than usually important role: interest rates. There is one obvious reason: like waiting to witness a rare celestial event there is a high likelihood that rates will do a shocking, unusual thing and go negative. But there is another important reason that hasn’t, to date, been part of mainstream economic commentary. With more focus than ever on a...

The Covid-19 crisis is deepening existing fissures and adding new threats to an already scarred and anxious world. As a localized health crisis became a global pandemic, many countries put broad swathes of their economies into a policy induced coma to halt the spread of the virus and ease the burden on overstretched health systems. As a result, the global economy will experience a recession this year on a scale not experienced since the 1930s. The damage will be both lasting and severe,...

The Covid-19 crisis is deepening existing fissures and adding new threats to an already scarred and anxious world. As a localized health crisis became a global pandemic, many countries put broad swathes of their economies into a policy induced coma to halt the spread of the virus and ease the burden on overstretched health systems. As a result, the global economy will experience a recession this year on a scale not experienced since the 1930s. The damage will be both lasting and severe,...

The Covid-19 crisis is deepening existing fissures and adding new threats to an already scarred and anxious world. As a localized health crisis became a global pandemic, many countries put broad swathes of their economies into a policy induced coma to halt the spread of the virus and ease the burden on overstretched health systems. As a result, the global economy will experience a recession this year on a scale not experienced since the 1930s. The damage will be both lasting and severe,...

By T. Sabri Öncü & Ahmet Öncü In Memory of David Graeber (1961–2020) This article first appeared in the Indian journal, Economic and Political Weekly, on 21 November, 2020 under the title “A Consortium Proposal to the SDR Basket Countries” On 30 March 2020, the United Nations Conference on Trade and Development (UNCTAD) called for a $2.5 trillion COVID-19 crisis package for developing countries.[1] The UNCTAD proposals were: (i) $1 trillion to be made available through the expanded use...