For Raghuram Rajan, former chief economist of the International Monetary Fund and professor at the Chicago School, central banks have limited flexibility. Paul Volcker, the former President of the Federal Reserve (1979-1987), chose the site because he loved fly fishing. The world’s central bankers, who are meeting starting Thursday, August 22 in Jackson Hole, in […]
The absence of inflation, despite the quantitative easing policy pursued by the central banks, clearly shows that economists must abandon classical monetarism, argues economist Gilbert Blardone in a forum at the “World”. In the United States, an unorthodox “modern monetary theory” (MMT) is spreading, which raises a real controversy because classical economists find it extravagant. […]
Alan Turing, a Second World War code decryptor castrated for homosexuality, is the face of Britain’s £50 note.
Alan Turing, a visionary mathematician and crack decryptor convicted under Victorian homophobic laws, will be the face of Britain’s new £50 bill. Bank of England Governor Mark Carney announced on Monday that Turing, who committed suicide in 1954 after undergoing chemical castration, will appear on the new polymer note by the end of 2021. In […]
MANILA, Philippines – The Department of Information and Communications Technology (DICT) is accelerating the deployment of free and faster WiFi access to public hospitals as part of its programme to provide free Internet access throughout the country. Gregorio Honasan inaugurated Friday free WiFi hotspots in three other public hospitals in Quezon City, namely the V. […]
Economist Benoît Coeuré, member of the ECB’s Executive Board, was the exceptional guest of 12:00, Hour H, on BFM Business. This is an opportunity to review European monetary policy and the risks facing the euro zone. It was one of the names that has been circulating in recent days to take over the IMF. Finally, […]
As further evidence of the dichotomy between the real economy and the markets, the good US employment figures have pushed back the main global markets obsessed with the upcoming rate cuts. This is not new. Changes on the major world stock exchanges are increasingly less and less guided by countries’ macroeconomic figures. And this trend […]