Tag Archives: monetary policy

Is the United States the Champion of Global Finance or its Victim? A New Look at the Fed’s Low-inflation Policy

Posted on November 22, 2019 by Oleg Komlik

By Arie Krampf* My article “Monetary Power Reconsidered: The Struggle between the Bundesbank and the Fed over Monetary Leadership”, recently published in International Studies Quarterly, contributes to the burgeoning literature that challenges the US-hegemony hypothesis in the global financial sub-order. It … Continue reading →

Posted in Community members posts, Papers | Tagged Bundesbank, central banking, Fed, Germany, globalization, inflation, monetary policy, neoliberalism, power, United States | 7 Comments

The Art of Central Banking (3) — No working theory of inflation and economists’ instinctual attachment to concepts

Posted on October 5, 2017 by Oleg Komlik

Daniel K. Tarullo, a former member of the Board of Governors of the United States Federal Reserve, draws two sharp and sound, yet unsurprising, conclusions from his eight-year (2009-2017) service: “The substantive point is that we do not, at present, have a … Continue reading →

Posted in Economists quotes on economics | Tagged central banking, economics, monetary policy, Sociology of economics | 3 Comments

Princes of the Yen and the Japanese Shock Doctrine

Posted on July 5, 2016 by Oleg Komlik

“It is better for the Bank of Japan not to attract attention and remain as quit as the forest in a rural shrine.” – Hisato Ichimada, the 18th Governor of the Bank of Japan, 1946-1954 (Werner 2003: 70) “Thanks to this … Continue reading →

Posted in Books, Video | Tagged banking system, central banking, credit, financial system, interest groups, Japan, monetary policy, Political economy | Leave a comment

The European corporate elite on trial: the foundation of the Eurozone and the navigation of its crisis

Posted on June 11, 2016 by Oleg Komlik

“Europe’s industrial bosses oscillate between fear, anger and disbelief…. Company bosses long to yell “You’re fired!” at any number of European politicians… But a majority of Europe’s businesspeople definitely wants politicians to do more to hold the euro zone together.” (The … Continue reading →

Posted in Papers | Tagged corporations, elites, European integration, European Union, Eurozone crisis, fiscal policy, interest groups, monetary policy, power | Leave a comment

Debt crisis and austerity in the Eurozone: social and political impacts

Posted on April 1, 2016 by Oleg Komlik

During the past six years, the countries of the European periphery – Portugal, Ireland, Italy, Greece and Spain – have been experiencing severe economic-financial crises. In the shadow of these drastic events, the EU institutions and the IMF initiated “bailout programs” for … Continue reading →

Posted in Books | Tagged austerity, banking system, debt, European Union, Eurozone crisis, financial crisis, Greece, monetary policy, policy, Political economy, politics, Spain, welfare | 4 Comments

What crisis? Everything must (not) change so that the IMF can remain the same.

Posted on September 25, 2014 by Oleg Komlik

During the last years, some economists at the International Monetary Fund (IMF) have presented papers, that allegedly rejected several neoliberal ideas (on a range of issues, from ﬁscal policy to capital controls) which have been preached and enforced by its … Continue reading →