The economic recovery from the 2008/9 crisis has been depressingly slow in the UK, as in many other developed countries. Further fiscal expansion is constrained by concerns about the extraordinary (for peace-time) scale of the public sector deficit and rise in the debt/GDP ratio.
Monetary targetry: Might Carney make a difference?
Charles A.E. Goodhart, Melanie Baker, Jonathan Ashworth, 22 January 2013
Central banks can phase in nominal GDP targets without damaging the inflation anchor
Jeffrey Frankel, 19 December 2012
The time is right for the world’s central banks to reconsider the framework they use in conducting monetary policy. The US Federal Reserve and the ECB are still grappling with sustained economic weakness, despite years of low interest rates.
The death of inflation targeting
Jeffrey Frankel, 19 June 2012
It is with regret that we announce the death of inflation targeting. The monetary regime, known affectionately as “IT” to its friends, evidently passed away in September 2009.
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CEPR Policy Research
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- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- Corporate Finance Theory Symposium19 - 20 September 2014 / Cambridge / Judge Business School, Cambridge University
- International Trade, Finance, and Macroeconomics: Research Frontiers and Challenges for Policy18 - 19 December 2014 / The Bank of England, London / The Bank of England, Centre for Macroeconomics and CEPR