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Central banks should prepare - both legally and operationally - to carry out direct transfers to households when conventional monetary policy fails. Recent research shows that stimulus payments would increase consumption...Read more...
Johannes Boehm and Xavier Jaravel
16 December 2024
In recent years, and during Covid-19 in particular, many countries have experimented with innovative approaches to fiscal stimulus. This column reports on an experiment in France in which individuals were given a debit c...Read more...
16 November 2024
While the 2020 Budget offers an overall adequate response to the challenges currently posed by coronavirus, there are three issues that need to be addressed further, especially as the outbreak becomes more widespread, wr...Read more...
Thomas Sampson
12 March 2020