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https://en.infomaxai.com/news/articleView.html?idxno=123285

IMF's Tobias Adrian argues central banks must incorporate financial vulnerabilities alongside inflation and output gaps in monetary policy decisions to enhance economic welfare, challenging traditional Taylor rule approaches that focus solely on price stability and growth metrics.

South Korea's bond market prices in four rate hikes as Bank of Korea signals tightening amid inflation concerns and financial stability risks, while synchronized movements with New Zealand and potential Fed policy shifts raise currency pressure concerns despite already accommodative market conditions.
Enjoyed reading this, and I think Graeber has it right - the current mainstream of economic thought thrives because it supports the views of the people who benefit most. Other strains of thought warrant more consideration, especially as the challenges of the 21st century (climate change, declining role of human labour, inequality) are different than the 20th (Ensuring productivity and high employment).

There is a growing feeling, among those who have the responsibility of managing large economies, that the discipline of economics is no longer fit for purpose. It is beginning to look like a science designed to solve problems that no longer exist. A good example is the obsession with inflation. Economists still teach their students […]
Why is Labor spending its political majority on this tax reform?
By Alan Kohler
Why has Labor decided to spend the political capital of a 50-seat majority on a minor change to capital gains tax on businesses?
#Tax #Budget #FederalGovernment #BusinessEconomicsandFinance #GovernmentandPolitics #HousingPolicy #HousingConstructionIndustry #MonetaryPolicy #EconomicTrendsandIndicators #Industry #AlanKohler