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Continue reading →: The Fed’s Inflation Compass: What the PCE Is SignalingAfter two years of steady progress, the Fed’s attempt to cool Covid-era inflation without triggering cracks in the job market now seems to be running out of momentum. The envisioned and much-anticipated “Soft Landing” has now put monetary policy in a difficult position. As of October 3, 2025, the Federal…
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Continue reading →: Fiscal Stagnation? The Curse of Low Growth in the UKThe solemn news that flooded out of the halls of the House of Commons in the morning of March 26, 2025 had the UK holding its breath. Amid the large welfare cuts, there were no announced tax hikes in the Spring Budget, but Chancellor Reeves and the Treasury foreshadowed another…
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Continue reading →: BoE at a Crossroads: A Necessary Shift for Economic Stability?No idea is so outlandish it should not be considered -Winston Churchill Introduction: The Bank of England, like other central banks worldwide, has been tackling the final stretch of the prolonged inflation battle triggered by the post-Covid inflation surge. However, unlike its counterparts, the Bank has kept its key effective…
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Continue reading →: Against the Tide: Thailand’s Central Bank and the Politics of Independence“Democracy is a slow process of stumbling to the right decision instead of going straight forward to the wrong one.” – Anonymous Over the course of the last two months, the importance of central bank independence (CBI) has arisen once again. The Bank of Thailand has stood strong against government…
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Continue reading →: Republic of Turkey’s Central Bank: Genuine Autonomy or Political Faux Pas?We live in a fantasy world, a world of illusion. The great task in life is to find reality.” But given the state of the world, is it wise?” ― Iris Murdoch The general consensus with economists for years has been that all else equal, (or ceteris paribus in economics lingo)…
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Continue reading →: Central Bank Independence: Essential Safeguard or Threat to Democracy?In the aftermath of one of the biggest financial panics in history, Masaaki Shirakawa, the former Governor of the Bank of Japan, gave a somber speech at the Seminar of the Securities Analysts Association of Japan in Tokyo that resonated not only with those linked to Wall Street, but to…
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Continue reading →: Central Bank Independence: What Is It And How Do We Quantify It?We love to measure things. Whether it is tracking the amount of coffee we drink to kickstart our mornings, recording every workout on our Apple Watches to see how many calories we burned, or checking the Weather App to see if the temperature of the afternoon heat wave has eased…
