Monthly Archives: August 2012

Will the Bank of England’s mandate to target low inflation become one of the casualties of the Great Recession?

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In the US, the bursting of the property bubble forced millions of homeowners into arrears, negative equity and foreclosure, dragging down consumer confidence and spending power in the process. The Obama administration responded with measures to help over a million … Continue reading

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It may be a little too much to claim that a reformation is underway in economic theory, but the protracted global economic crisis has brought thinkers previously considered heterodox increasingly into the mainstream of policy discussions, while currents of thinking … Continue reading

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Historically, deep economic crises have tended to manifest themselves in ideological and political disruptions and paradigm shifts.

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