Inflation targeting did not prevent financial instability before the Crisis nor did it provide sufficient stimulus after the Crisis. In this eBook, 14 world-renowned scholars, practitioners and market participants analyse inflation targeting and its future. They argue that inflation targeting should be refined not replaced. Indeed, it is needed now more than ever to keep expectations anchored while the advanced economies work their way through today’s slow growth, rickety banks, and over-indebted public sectors.
In this VoxEU eBook, seven of the nine candidates for Director General of the WTO offer a short essay exploring challenges to the world trading system and how they would tackle them. Taken together, the essays provide a uniquely comprehensive view of the world’s trade governance problems. It will be an important reference long after the selection process ends.
While a banking union for Europe has been discussed by economists since even before the 2007 crisis, the issue has now moved up to the top of the Eurozone agenda. But what kind of banking union? For whom? Financed how? And managed by whom? This new Vox eBook comprises 15 papers on the topic by leading economists from both sides of the Atlantic.
This eCollection summarizes the views of leading economists about the path and content of budget adjustment that can help advance economies to move out of the crisis, and resolve the policy impasse that is unsettling the Eurozone.
This new Vox eBook presents a collection of essays by leading European and US economists that offer solutions to the crisis and proposals for medium- to long-term reforms to the regulatory framework in which financial institutions operate.
Other Recent ePubs:
- Next Steps: Getting Past the Doha Round Crisis
- Why World Leaders Must Resist the False Promise of a Doha Delay
- Completing the Eurozone rescue: What more needs to be done
- The collapse of global trade, murky protectionism, and the crisis: Recommendations for the G20
- What world leaders should do to halt the spread of protectionism
- What G20 leaders must do to stabilise our economy and fix the financial system
- Rescuing our jobs and savings: What G7/8 leaders can do to solve the global credit crisis
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Do entrepreneurs matter?Becker, Hvide
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013