In most emerging and developing countries, COVID-19 is causing an economic hurricane. It looks increasingly like a Category 5, but the international community and many national governments prepared for a tropical storm.
detailsIn Lebanon, the local currency has slumped to a record low, people are losing their jobs and the price of food is skyrocketing. Despite the threat posed by the coronavirus, hundreds are taking to the streets in protest. Julia Neumann reports from Beirut
detailsOnly monetary policy addresses credit throughout the economy. Until inflation and real interest rates rise from the grave, only a policy of effective deep negative interest rates, backed up by measures to prevent cash hoarding by financial firms, can do t
detailsAfter Lebanons civil war ended in 1990, it began rapidly expanding the public debt. This debt has exacerbated widening socioeconomic inequalities, now threatening the countrys stability.
detailsInflation has remained stubbornly low across the global North has come as a surprise to many economic observers
detailsMonetary policy is an effective means of managing inflation and can boost employment and output in a recession
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