Government Revenues from Low-Interest Rate Policies

by Andreas Hoffmann and Holger Zemanek* Over the last two years Carmen Reinhart and Belen Sbrancia have published a series of papers on financial repression and its historical role in financing government debt. They show that throughout the Bretton Woods period governments in many advanced economies repressed financial markets to liquidate the high levels of debt that … Continue reading Government Revenues from Low-Interest Rate Policies

Summer Reading

 by Jerry O’Driscoll   My summer reading actually began in the spring and included a number of books written on the financial crisis that I was asked to review by various publications.  My reviews will appear in fall issues. I can report that a number of the books written for the general public are quite good.  … Continue reading Summer Reading