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Post-crisis: time for a rethink

The global financial crisis triggered a series of medium-term policy changes, but many of these have become inapplicable to the new problems. Some fresh macroeconomic thinking is needed Read more

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US jobs data: ignore the noise

The fuss about rising US employment figures is unwarranted. Jobs growth remains slow, the economy is not overheating – and there is little risk of an inflation shock Read more

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Global megatrends: times a changin’

Policymakers are facing up to a world transformed from just a few years ago. The priority now is not to flinch from these challenges but to face them head on
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Welcome to the government finance renaissance

The global financial crisis put public financial management in Europe under a new level of political and public scrutiny. Government finance leaders have risen to the challenge, but they need to keep up momentum.

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EU recapitalisation: lost in translation

Euro area recapitalisation aims to reduce the risk of contagion from the financial sector to sovereign states. But it’s far less ambitious than originally conceived, and won’t tackle present and future crises Read more

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Getting to grips with good governance

With its myriad accountabilities and central role, the public sector needs a clearer understanding of good governance, argues the chief executive of the International Federation of Accountants Read more

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Eurozone: politics vs economics

There have been suggestions that politics dominates economics when it comes to crisis management in the eurozone. But perhaps this is slightly unfair on politics and too forgiving of economics Read more

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Why the eurozone needs Strategic QE


The European Central Bank has announced radical steps to fight the deflationary demons stalking the eurozone. But these only address half the problem and the ECB should consider a more targeted form of quantitative easing Read more

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ECB: credibility vs prosperity

The European Central Bank appears to define its price stability mandate as zero inflation. As a result, it has no effective policy to spur money growth and deal with unemployment across the continent Read more

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On the freeway to fiscal sanity?

Politicians are notorious for avoiding long-term decisions. But California’s governor is eschewing the normal realities and trying to break the state’s cycle of boom and bust. Surprisingly, the voters seem to approve Read more

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