Commentary / World Apr 16, 2018
How central banks should and shouldn't tackle global warming
by Ferdinando Giugliano
Monitoring the impact of climate change is sensible, but tipping the scales is dangerous.
Commentary / Japan Jan 23, 2018
Japan and Europe start the central bank reset
by Daniel Moss
Officials are going to respond accordingly to the improving global economy.
Business / Financial Markets Dec 18, 2017
Central banks quietly trim stimulus while hoping to maintain global growth
by Rich Miller and Alessandro Speciale
Central bankers are gingerly trying to take away the punch bowl without interrupting the party. Led by interest rate increases by the Federal Reserve and the People's Bank of China, central banks around the world shifted toward a tighter monetary stance last week. Yet the moves ...
Business / Financial Markets Dec 5, 2017
Alan Greenspan's 'conundrum' said revived as banks mollycoddle markets
Alan Greenspan's conundrum is back, and central bankers' new-found love of treating markets with kid gloves is playing a large part. While the U.S. Federal Reserve is expected to raise interest rates for the third time this year, and officials expect another three hikes in ...
Business Jun 2, 2017
BOJ's total assets climbs to top ¥500 trillion for first time
The Bank of Japan said Friday its total assets surpassed ¥500 trillion ($4.5 trillion) for the first time, nearing Japan's gross domestic product due to massive purchases of assets under its aggressive monetary easing policy. The BOJ's balance sheet has ballooned under the asset purchase ...
Commentary / Japan Oct 3, 2016
Central banks' failed policies
by Christopher Lingle
Instead of being our saviors, central bankers have destroyed wealth, created instability and set conditions for the next big economic crisis.
Commentary / World Sep 26, 2016
Federal Reserve's mission is to escape Jupiter
by Narayana Kocherlakota
The Fed should should instead hold off raising interest rates until economic conditions are so strong that it needs to raise them rapidly.
Commentary / World May 16, 2016
Manna from helicopters can boost recoveries
by Michael Biggs
In the current economic climate, if a liquidity trap looms, helicopter money could be one of the cheapest and most effective tools for stimulating the economy.
Business Mar 25, 2016
Airdropping money to spur the economy? Not as crazy as it sounds
by David Mchugh
Helicopters dropping money in the streets: it's a vivid metaphor for a drastic form of central bank stimulus that is gaining attention as a possible way to help the global economy out of its malaise. The idea of "helicopter money" is straightforward: central banks would ...
Business / Economy Feb 17, 2016
Years after crisis, global economy weakening and central banks seen running out of ammo
Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way. Sinking stock prices, flat inflation, and the bizarre phenomenon of negative interest rates ...
Editorials Jan 20, 2015
The Swiss National Bank's move to abandon currency market intervention has profound implications for the international financial system.