Summers, Lawrence and Stansbury Anna, (2019), “Whither Central Banking?“, Project Syndicate, August
In an environment of secular stagnation in the developed economies, central bankers’ ingenuity in loosening monetary policy is exactly what is not needed. What is needed are admissions of impotence, in order to spur efforts by governments to promote demand through fiscal policies and other means.
- El-Erian, Mohammed, (2019), “Are Central Banks Losing Their Big Bet?“, Project-Syndicate, July
- Ampudia, Miguel, Van den Heuvel Skander, (2019), “Monetary policy and bank equity values in a time of low and negative interest rates“, Vox CEPR Policy Portal, July