The curtain has come down after Act I of the Fiscal Cliff. Some critics have proclaimed it a victory for the president over his Republican enemies. If it was a victory, it was an expensive one.

A deflationist zombie (Bernanke or Krugman for example) never notices price rises because their cost of borrowing easy credit is near-zero. When price...

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

BAGHDAD (AP) — Iraqi authorities have issued arrest warrants for the longtime governor of the central bank following allegations of financial wrongd...

Central banks should be respected. And they can certainly counter air pockets, but not forever. Either fundamentals will improve or asset prices will fall. Which outcome we eventually see depends in large part on whether other government entities finally step up to their policy responsibilities.

The world economic recovery continues, but it has weakened further. In advanced countries, growth is now too low to make a substantial dent in unemployment. And in major emerging countries, growth that had been strong earlier has also decreased.

Is it possible that policy makers and investors have already enjoyed all the good news and rising prices they are going to get from recent Central Bank action?

The Fed has a tiger by the tail with its program. It is creating a giant bubble in capital asset prices, especially in our stock markets. To let the tiger go is to be eaten.

Bloomberg View A few months ago, the Bank for International Settlements, which acts as a bank for the world’s central banks, warned in its annual...

An open "politicization" of finance came out as a consequence of governments and central banks stepping in, in the sense that the dynamics of financial asset prices is now determined directly in the political sphere.

Another day, another central bank failure.

* G20, Europe prepare for Greek election shock * Central banks ready to combat Greek market storm * Britain to flood sys...

Just like central banking, economics wants to speak politically, but doesn't necessarily welcome a response. In Krugman, it sometimes comes across as condescension. At the Fed, it can appear more sinister.

In arguing the case for the primacy of economic action, Krugman blithely ignores the difficult situation of central banking in the modern world.

By Kevin Yao BOAO, China, April 2 (Reuters) - Policymakers in both developing and developed countries must embrace structural reforms...

* Annualised G7 growth seen at 1.9 pct in Q1, Q2 * No rush for central banks to start tightening By Leigh Thomas ...

BUDAPEST, Hungary -- Fitch downgraded Hungary's credit rating to junk status on Friday, citing a standoff between the government and international len...

CARACAS, Venezuela -- Venezuela's Central Bank says the country finished the year with 27.6 percent inflation, the highest in Latin America. The oil-...

GENEVA — After days of stonewalling, the Swiss National Bank gave in Wednesday to demands it shed light on currency trades from its chief's pers...

ATHENS, Greece -- U.S. Vice President Joe Biden told Greek political leaders Monday his government is "standing with you in solidarity," at the start ...

FRANKFURT, Germany — The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic...

It did not begin with the subprime disaster in 2007, nor the crash and burn of Lehman in 2008, nor are we able to blame any bubbles, be they dot.com or other. This Economic War began with the Asian Financial Crisis back in 1997.

(Leigh Thomas) - The outlook for economic growth in developed countries has got much worse in the last three months, the OECD said on Thursday and...

JACKSON HOLE, Wyo.--After years fighting crises and pumping money into the financial system, the world's central bankers are coming to grips with the ...