Economic growth in the US: A tale of two countries

By Thomas Piketty, Emmanuel Saez, Gabriel Zucman

The rise of economic inequality is one of today’s most hotly debated issues. But a disconnect between the different data sets used to measure and understand inequality makes it hard to address important economic and policy questions.

 

When the IMF evaluates the IMF

By Charles Wyplosz

The IMF has just released its self-evaluation of its Greek lending, in which it admits to many mistakes. Charles Wyplosz argues that the report misses one important error – reliance on the Debt Sustainability Analysis..

The deep troubles of Italian banks

By Mitja Stefancic

At the moment, the general outlook for Italian banking is anything but encouraging. Bad loans in Italian banks totalled €360 billion in 2016.

Brexit and the banks

By Barbara Casu Lukac

Several cities are vying to replace London as Europe’s financial capital post-Brexit. What will make banks leave, and what will make banks stay? A commentary by the Professor of Banking and Finance at City University of London.

How Central Banks Set Interest Rates

By Richard Barwell

It is generally assumed that central bankers often argue over the appropriate conduct of monetary policy. Focusing on the Bank of England’s Monetary Policy Committee, there is no evidence that they disagree with one another in any meaningful sense.

Political Tours

Political Tours