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What Awaits The Global Economy After Fed’s Move?
Erinç Yeldan The long-awaited move is finally on the loose: The U.S. Federal Reserve (the “Fed”) had shown its intensions to start raising its policy interest rates for the first time since 2008. The...
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Interest Rate Conundrum
C.P. Chandrasekhar and Jayati Ghosh Across the developed world the persistence of a phenomenon that was initially seen as a freak occurrence—negative interest rates—is now a cause for concern. One form...
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Inflation Targeting and Neoliberalism
Regular Triple Crisis contributor Gerald Epstein is a professor of economics and a founding co-director of the Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst. In...
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Inflation Targeting and Neoliberalism, Part 2
Regular Triple Crisis contributor Gerald Epstein is a professor of economics and a founding co-director of the Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst....
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Inflation Targeting and Neoliberalism, Part 3
Regular Triple Crisis contributor Gerald Epstein is a professor of economics and a founding co-director of the Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst....
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Do “Unconventional” Monetary Policies Work?
Philip Arestis and Malcolm Sawyer The “unorthodox” Quantitative Easing (QE) monetary measures, along with another “unorthodox” monetary policy, namely negative interest rates, have been implemented by...
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The Eurozone Crisis: Monetary Union and Fiscal Disunion, Part 1
Alejandro Reuss Alejandro Reuss is co-editor of Triple Crisis blog and Dollars & Sense magazine. He is a historian and economist. This is the first part of a two-part series. His article “An...
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Is Fiscal Policy for Prosperity Back in Place of Austerity?
Philip Arestis and Malcolm Sawyer Fiscal policy has not been taken seriously by policymakers since the Great Financial Crisis (GFC) of 2007-2008, with some exceptions over the period 2009-2010, notably...
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The Shortcomings of Monetary Policy
Philip Arestis and Malcolm Sawyer The conventional wisdom on monetary policy from the early 1990s through to the financial crises of 2007-2009 favored inflation targeting operated by an “independent”...
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Lara-Resende, Cochrane and the Brazilian Recession
Matias Vernengo GDP has collapsed by a bit more than 7% in real terms over the last two years in Brazil (graph below show more recent data). This constitutes the worst crisis in recorded macroeconomic...
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