Can the Central Bank still play the hero in the face of current and future debt?

Dialogues économiques
JUNE 9, 2020
How will we face the economic crisis that is awaiting us? History can give some insight. Since the financial crisis of 2008, industrialised states have been required to rely on the 'superpowers' of the Central Banks to buy back part of their debt, thereby avoiding the phenomenon of debt strangulation. Such practices have raised fears of a return to inflation, and of a threat to the independence of the monetary authorities. However, in the current context such practices can be beneficial, according to economists Gilles Dufrénot, Fredj Jawadi and Guillaume A. Khayat.
Read the article on
https://www.dialogueseconomiques.fr/en/article/can-central-bank-still-play-hero-face-current-and-future-debt

Latest publications

When economic precarity compounds the harms of homophobia
In many low- and middle-income countries, being LGBTQIA+ entails a double burden: discrimination compounded by economic precarity. Economists Bruno Ventelou and Erik Lamontagne reveal how this combination can undermine mental health, by cross-referencing global data on wellbeing, economic conditions, and the homophobic climate.
In Spain, economic policy has been conducive and has benefited from favourable circumstances
Only in French - An op-ed by Cecilia García Peñalosa (CNRS, EHESS, AMSE) and Alain Trannoy (EHESS, AMSE) published in the newspaper Le Monde.
The True Price of CO₂
In 2024, a grim record was set: it was the hottest year ever recorded on Earth. The signs of climate upheaval are now visible to all, as global warming manifests itself in a rapid rise in extreme weather events. In theory, the solution is straightforward: we must stop burning fossil fuels. In practice, phasing out energy sources so firmly entrenched in contemporary societies is an immense challenge. To reduce CO₂ emissions, economists — trained in cost–benefit analysis — can help policymakers design strategies that are both effective and socially acceptable.