Comment: Output losses from financial crises

Central bankers and regulators, like other professionals, naturally spend a lot of time on the technical details of their jobs. Sometimes it is well to be reminded of just how much is at stake in their policy decisions.

COMMENT BY CENTRALBANKNET

Now, a new working paper* from the IMF provides empirical evidence documenting once again the key role of central banks and regulatory authorities is maintaining standards of living.

Rebutting theories of economic crises which claim that countries return

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