First, of course, are the political implications. Second, these are millions upon millions of people who were voting against their pocketbooks. The third shock is more personal: my apparent over-reliance on the prediction markets, and on economists like Justin Wolfers…
By Paul Solman
Global growth is stalling, and central banks are running out of options.
By Benn Steil and Emma Smith
The European Central Bank just lowered their interest rates further into negative territory. But how do negative interest rates anyway?…
By Mohamed El-Erian
After meeting in Frankfort on Thursday, the European Central Bank announced a new six-point stimulus package aimed at improving the eurozone economy.
By Kristen Doerer
By Associated Press
The world's financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on its debt.
By PBS NewsHour
In our news wrap Thursday, the European Central Bank announced a plan to buy up $1.2 billion of bonds to stabilize Europe’s economy, a program similar to the U.S. Federal Reserve’s quantitative easing. Also, at least 13 people died in…
By Simone Pathe
European Central Bank President Mario Draghi on Thursday announced an unprecedented plan to purchase 60 billion euros a month in the EU's first stab at quantitative easing. Making Sen$e breaks down how bond purchases work and turns to the Council…
By Benn Steil and Dinah Walker
Last month, the European Central Bank became the first central bank to charge banks for depositing their extra reserves with them. The idea is to encourage banks to lend privately instead. But as the Council on Foreign Relations' Benn Steil…
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