By Nariman Behravesh
The full fury of the two shocks that have hit the world economy - the financial crisis and record oil prices - is beginning to dissipate. Unfortunately, the full impact of these shocks on the real economy has yet to be felt. Continue reading "A deep recession but a strong recovery"
By Morris Goldstein
With a global recession in prospect, now is the time to strengthen the provisions of the International Monetary Fund’s old Compensatory Financing Facility and to put it back into action. Continue reading "Dig into the IMF’s tool box to tackle the crisis"
By Jon Danielsson and Casper de Vries
Neither the recent massive money market injections, the coordinated lowering of interest rates nor the use of public funds to recapitalise banks have done much to restart interbank lending. This action did not solve the underlying problem preventing interbank lending: extreme information asymmetry. Continue reading "Money market on strike"
When future economic historians look back to trace the triggers for the October 2008 financial panic and the unnecessarily severe recession of 2009, they will likely put their fingers on two.
A convincing argument for independent central banks adopting an inflation targeting framework is that, where central banks are forward looking and responsive, they should be able to avoid deflationary slumps. The markets then should expect the central banks to assess clearly the global economic situation and the downside risks, and take decisive action. Continue reading "The folly of Europe’s central banks"
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With most of the world’s big economies now officially out of recession, the Financial Times examines the legacy of the worst global economic crisis since the 1930s. See our in depth page: Beyond the financial crisis 
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News, data and opinions on market-moving economics. Read posts from Chris Giles, the FT's economics editor, Krishna Guha, US economics editor and Ralph Atkins, Frankfurt bureau chief.