The Centre for Policy Scrutiny (CPS), in collaboration with JoyNews, will on January 19, 2026, host a major public lecture in ...

Since the Global Financial Crisis, fiscal policy in advanced economies has become more “active” – that is, increasingly unresponsive to rising debt levels. This paper explores tensions between active ...

This paper sheds new light on an overlooked channel of monetary transmission: the relationship between central bank interest rate policy and the economy’s trade position. It examines the impact of ...

Does “monetary policy” – in the form of interest rate adjustments – actually work? Can the Federal Reserve “tame” inflation by raising the Federal Funds Rate? The question arises today because despite ...