Lagarde
Is Monetary Policy Independence Out of Date? A Mini-Course With Paul Tucker (Part 3)
The Federal Reserve and the ECB have been taking unprecedented steps to react to the financial impact of Covid-19. To frame the debate around the...
The ECB Can Save the Italian Economy and Prevent a New Euro Crisis Triggered by Covid-19 Fallout
The Italian government's effort to contain the coronavirus will have significant economic consequences. Italy should be allowed to ask for emergency help with one...
Governments and Central Banks Have a Few Unpleasant Options to Stop the Economic Contagion
The global economy and financial markets are seriously hit by the coronavirus outbreak. Central banks can do something, but monetary policy is not enough. A fiscal stimulus might mitigate the impact, but the record-level outstanding amount of public and private debt adds additional risk to the current perfect storm.
