Why we need better central bank accountability

As central banks take on an increasingly powerful role in our political and economic lives, it is time to find new ways of ensuring that they are more fully accountable. … Read More Why we need better central bank accountability

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Central banks are facing a credibility trap

Central banks are being forced to govern through exceptions in an era in which rule-following (particularly the holy grail of the 2% inflation target) has become the ultimate source of policy credibility. As the potential for renewed economic crisis continues to grow, this credibility trap will only grow – as central bankers and governments find themselves lurching from exception to exception, refusing to question the neoliberal rules that no longer seem to apply.… Read More Central banks are facing a credibility trap

Rebuilding the middle class: The Liberals have a chance to rectify their past economic mistakes

As the new Liberal government starts to put its economic plan into action, its commitment to paying attention to the evidence (unlike its Conservative predecessors) should provide them with both comforting and cautionary tales. On the one hand, there is ample evidence to support the Trudeau government’s plan to allow for short-term deficits in order… Read More Rebuilding the middle class: The Liberals have a chance to rectify their past economic mistakes