The Fed can learn from history’s blunders
Roosevelt set the dollar exchange rate each day while taking breakfast in bed. In hindsight, his judgment looks sound, writes Barry Eichengreen
Central banks
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Norway rates should stay high, says OECD
Norway’s central bank should continue tightening monetary policy despite the global financial squeeze, the Organisation for Economic Co-operation and Development recommended
Call for central bank harmony in crises
Emergency help provided by the world’s central banks should be better harmonised to stop large financial groups shopping around in future for the best deal, the head of Switzerland’s central bank has urged
Enduring stability attests to Swiss repute
The nation’s central banker says conditions have not worsened
Bleak UK forecast sends pound lower
Sterling plunged against the euro and the dollar as the Bank of England gave its bleakest economic assessment for more than a decade and financial markets priced in a series of interest rate cuts
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Tackling inflation
As global growth slows, we track inflation in key economies and how central banks have adjusted interest rates in response
Comment and Analysis
Why those ‘expectations’ matter
If the main economic actors expect the policy to be abandoned, any monetary squeeze just reduces output, writes Samuel Brittan
Repel the calls to contain competitive markets
This crisis is different – a once or twice a century event deeply rooted in fears of insolvency of major financial institutions, writes Alan Greenspan
The crisis: a tale of two monetary policies
Despite the similar problems faced by the ECB and the Fed, there are important differences that justify their separate strategies, says Martin Feldstein
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