Boskin, Michael, (2015), “What Should China Do?”, Project Syndicate, 26 Αυγούστου The Chinese government’s heavy-handed efforts to contain recent stock-market volatility – the latest move prohibits short selling and sales by major shareholders – have seriously damaged its credibility. But China’s policy failures should come as no surprise. Policymakers there are far from the first to mismanage financial markets, currencies, and trade. Many European governments, for example, suffered humiliating losses …Read More

Godement, François, (2015), “China’s stock market crash: the end of a myth”, European Council on Foreing Relations, 25 Αυγούστου To any student of geo-economics, the current gyrations of China’s and the world’s stock markets are fascinating.  The Shanghai exchange is notoriously volatile: two years ago it was thoroughly depressed when the Chinese economy seemed to be booming, while over the past year it has been boiling as China’s economy slowed …Read More

Van der Cruijsen, Carin, Jan Jansen, David, De Haan, Jacob, (2015), “What the general public knows about monetary policy”, Voxeu, 23 Αυγούστου Central banks have typically targeted their communication at financial markets. Increasingly, however, many have started actively communicating with the general public. Using Dutch survey data, this column finds that the public’s knowledge of monetary policy objectives is far from perfect, and varies widely across respondents. Those with a greater understanding of …Read More