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Why fiscal sustainability matters

Long Title:  Why fiscal sustainability matters Teaser:  Fiscal sustainability has become a hot topic as a result of the European sovereign debt crisis, but it matters in normal times, too. This column...

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The Global Crisis and East Asian currency misalignment

Long Title:  How did the Global Financial Crisis misalign East Asian currencies? Teaser:  Since the East Asian financial crisis of 1997, the emphasis on regional monetary cooperation has grown. This...

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No consistent safe-haven assets, but US remains special

Long Title:  Foreign investors and crises: There is no safe haven for all seasons Teaser:  At the peak of the Global Crisis, the US dollar appreciated and US Treasury yields fell, suggesting that...

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Historical lessons for TARGET imbalances

Long Title:  TARGET balances, Bretton Woods, and the Great Depression Teaser:  Since 2007, there has been a buildup of TARGET imbalances within the Eurosystem – growing liabilities of national central...

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Fiscal adjustment, growth, and credit constraints

Long Title:  Fiscal adjustment and growth: Beware of the credit constraints Teaser:  The recent debate on the link between austerity and growth has focused on the short run. This column discusses...

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Understanding contagious bank runs

Long Title:  Exploring the transmission channels of contagious bank runs Teaser:  Contagious bank runs are an important source of systemic risk. However, with observational data it is near-impossible...

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The locust and the bee: predators and creators in capitalism's future

Teaser:  Geoff Mulgan talks to Romesh Vaitilingam about his recent book, 'The Locust and the Bee: Predators and Creators in Capitalism's Future'. Mulgan suggests that the economic crisis was a dramatic...

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The mainstream economics curriculum needs an overhaul

Long Title:  The mainstream economics curriculum needs an overhaul Teaser:  The undergraduate economics curriculum is hugely influential, since today’s undergraduates are tomorrow’s policymakers. The...

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Teaching economics as if the last three decades had happened

Teaser:  Wendy Carlin talks to Viv Davies about the 'Curriculum Open-access Resources in Economics' (CORE) project, which was established by the Institute for New Economic Thinking (INET) at Oxford and...

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Lessons from history for the Eurozone Crisis

Long Title:  Lessons from history for the European Financial Crisis Teaser:  The European Monetary Union is unprecedented, but the Eurozone Crisis is not. This column draws upon the experiences of...

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