BIS calls for new paradigm in economic policy

bis-centralbahnplatz-tower-2
The Bank for International Settlements

Policy-makers worldwide, including central bankers, are failing to tackle the most serious problems afflicting their economies due to a failure to understand how the financial and real economies interact, the Bank for International Settlements (BIS) said today (June 28).

The BIS has long called for policy-makers to take better account of financial cycles, but today's annual report goes further in linking lingering financial damage to disappointing productivity, examining the malaise of the inter

To continue reading...