According to a paper just out at the JCA website, authored by Youngwon Cho of the Department of Political Science, St. Francis Xavier University in Canada, the answer is, predictably a political one. 211 more words
Tags » Financial Crisis
In the recent T.V. election debate, Jeremy Paxman repeatedly asked the Prime minister to explain where the proposed benefit cuts would hit. Cameron refused to answer – and is it any wonder? 683 more words
“With great power comes great responsibility”
You know where this quote comes from :-)
I think it perfectly applies to the ECB.
When I started to study it (OMG, about 20 years ago!), I found out that its almost exclusive competence in managing the Eurozone monetary policy and its well guaranteed independence were mirrored by a panoplia of accountability tools. 732 more words
The fourth in our series of seminars with economic experts took place on 4 March. It was a discussion on the lessons from the financial crisis with Lucrezia Reichlin (professor of economics and chair of the economics department at the London Business School). 732 more words