Tuesday , November 12 2019
Home / Tag Archives: Monetary Policy

Tag Archives: Monetary Policy

The End of Super Imperialism?

T Sabri Öncü ([email protected]) is an economist based in İstanbul, Turkey. This article was first published in the Indian journal the Economic and Political Weekly (EPW) on 28 September 2019.Summary: With intensifying concerns regarding the soundness and stability of the international monetary and financial system, calls for reforming it have been on the rise. One recent call was made by the Bank of England Governor Mark Carney, in August 2019, in which he suggested a...

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How the sexist ‘Nobel Prize’ in economics has warped the world

The following hastily written piece appeared in Left Foot Forward on 25th September, 2019.The Nobel Memorial Prize in Economics will be 50 years old next month. One thing unites all its winners, bar one: they have all been male.This is not just an affront to equality. In overlooking brilliant female economists, the Swedish Central Bank’s Nobel has neglected economic theory which could have helped prevent the turmoil of regular financial shocks and political trauma.The...

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Trudeau’s proposed speculation tax

Posted by Nick Falvo under BC, bubble, cities, economic thought, foreign investment/ownership, globalization, housing, inequality, interest rates, investment, Liberal Party policy, monetary policy, municipalities, Ontario, party politics, prices, private equity, regulation, Role of government, taxation, Toronto, wealth. September 25th, 2019Comments: none I’ve written a blog post about the Trudeau Liberals’ recently-proposed speculation tax on residential real estate owned...

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Bill Mitchell — Is the British Labour Party aboard the fiscal dominance train – Part 1?

As I type this (Sunday), I am heading to Brighton, England from Edinburgh. We had two sessions in Edinburgh yesterday (Saturday) and it was great to share ideas with some really committed people. We had to dodge a Hollywood closure of the streets (‘Fast and Furious 9 had commandeered the inner city to film a car or two swerving out of control or whatever, and I hope the city received heaps for the inconvenience to its citizens. But, with the direction now south, and tomorrow’s two events...

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TASS — Russia’s Central Bank cuts key rate to 7% for first time since 2014

Interest rates represent cost of borrowing and income from saving. Both are reduced by cutting rates. Since is this is a decrease in price, it is disinflationary, which is opposite to what central bankers assume. Savers receive less income, which would likely have been spent on goods purchases. Lower of the cost of firm investment potentially results in lower goods prices. On the other hand, in deciding on a monetary policy using interest rate setting, central banks assume that lower...

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