Guest Contribution: “The effectiveness of macroprudential policies and capital controls against volatile capital inflows”

Today, we are pleased to present a guest contribution written by Jon Frost (Bank for International Settlements), Hiro Ito (Portland State) and René van Stralen (De Nederlandsche Bank). The views expressed represent those of the authors, and do not necessarily represent those of De Nederlandsche Bank, or any other institutions the authors are affiliated with.


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“Kung Flu” in (Recent) Historical Perspective

On the 38th anniversary of Vincent Chin’s murder. From Politico:

President Donald Trump’s top spokesperson on Monday defended his use of the term “kung flu” to describe the novel coronavirus has sickened millions across the globe, asserting that the president was merely trying to emphasize the virus’ place of origin in China.

“The president does not believe that it is offensive to note that this virus came from China,” McEnany said Monday when asked about Conway’s condemnation of the term.

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Guest Contribution: “Defining recessions when negative growth is too common or too rare”

Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. He was a member of the NBER’s Business Cycle Dating Committee for 25 years, with his term ending last fall.  A shorter version appeared in Project Syndicate and in The Guardian.


 

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