Tag Archive for Economists

Bank of England Maintains Interest Rate and Stimulus Program – NYTimes.com

LONDON — The Bank of England decided Thursday to keep its benchmark interest rate unchanged at a record low as the British economy struggles to recover amid the government’s austerity program and troubles in the euro zone. Britain’s central bank kept its main interest rate at 0.5 percent, where it has been since the beginning…

Cleaning up the mess: Bank resolution in a systemic crisis | vox – Research-based policy analysis and commentary from leading economists

The diabolic loop between the solvency of the banking system and the sovereign fiscal position is now apparent (Lane 2012). In Greece, it is the insolvency of the government that has sunk the banks; In Spain, the banks are sinking the government. What is common in both countries is that savers are running away when…

Euro zone economic sentiment falls to near 3-year low | Reuters

(Reuters) – Euro zone economic sentiment fell more than expected in May, as pessimism among manufacturers and retailers in particular worsened, although consumers became slightly less downbeat about the economy for the year ahead. The European Commission’s economic sentiment index slipped by 2.3 points in the 17-nation euro zone to 90.6, lower than the 92.0…