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The fear of monetary tightening significantly slowing the economy is overblown. Relying on monetary and fiscal policy to do the heavy lifting for sustaining and enforcing economic growth is increasingly illusory and even counterproductive. More than ever, monetary policy should focus on price stability. Full stop. In my latest blog, I argued that to contain…
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Will the ECB avoid its major policy mistake of 2021-22 when it was almost a year too late to react to the inflationary run-up? To keep inflation expectations well-anchored, interest rates will have to rise soon. It didn’t take economic foresight of the genial sort to see that the Iran war and its major impact…
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President Trump has brought the world to the edge of the abyss, or so the most commonly heard narrative goes, particularly in Europe. It is beyond any doubt that the American president has been acting and speaking brutally and insultingly, demonstrating great incoherence and a total lack of respect for international law and traditional allies.…
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Johan Van Overtveldt 