Professor Marc Egnal of York University joins the Institute for New Economic Thinking’s Lynn Parramore to explore why historians cling to an inaccurate and misleading narrative, and what we can learn from the real history about tyranny, checks and balances, imperialism -- and resistance.
Top money-and-politics expert Thomas Ferguson breaks down the real drivers of Trump’s aggressive tariff agenda, from big crypto plans to a new world order emerging.
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Meeting of the CBDC Engagement Forum
This Market Notice sets out an amendment to the schedule for sales in Q2 2025 of gilts held in the Asset Purchase Facility (APF) for monetary policy purposes.
This paper investigates the impact of reforms altering legal central bank independence (CBI) on monetary policy discipline and credibility, two key mechanisms shaping price stability. Using a sample of 155 countries over more than 50 years (1972–2023), we show that reforms improving CBI strengthen monetary discipline and the credibility of central banks. Larger reforms enhance monetary discipline with a lag, achieving their full effect after ten years. Central bank reforms have a greater impact on monetary discipline in countries that have not reversed earlier reforms.
How global scientific mobility drives innovation—and what’s at stake when migration is restricted by war, politics, or policy.
Trump ran in both 2016 and 2024 on a promise to reverse the deindustrialization caused by globalization and free trade, using tariffs as his main tool. But the critical question now is: Can it work?
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