Global Crisis Debate
Latest Debate Commentaries
Simon Wren-Lewis Oxford University, 8 October 2012
I am, like many, in awe of Bank of England director and economist Andy Haldane. However I did wince a bit at his Lead Commentary for the recent Vox debate on economics (Haldane 2012 ). He looks at the extent economists are to blame for the financial crisis, and he makes two interrelated claims. Having noted that central banks have traditionally been concerned with the “interplay of bank...
Anis Chowdhury The University of Western Sydney, Australia, 4 October 2012
Anis Chowdhury (United Nations Economic and Social Commissions for Asia and the Pacific) and Iyanatul Islam (International Labour Organization). A fiscal rule represents legislated and long-term numerical limits on budgetary aggregates pertaining to debts, deficits, expenditures and revenues. In a recent IMF working paper1, Schaechter et al (2012) have reported on a database of fiscal rules...