Adam Tooze, author at Social Europe

Output gap nonsense

by Adam Tooze on 30th April 2019

Adam Tooze explains how a false exactitude in economics has led to a terrible politics in the EU.

The eurozone remains mired in unemployment while the European Central Bank targets only inflation. Adam Tooze begins a series of Social Europe columns by explaining the hidden history of the Fed’s more successful dual mandate. In January 2013 the US Federal Reserve made a remarkable statement. It announced that it would ramp up its monetary […]

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Output gap nonsense

What are central banks for?

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