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Regulation of financial services has been an unmitigated policy disaster.

The global financial crisis led to widespread dislocation. Understanding the forces that led to such a crisis is no easy matter.

A prolonged period of extremely low nominal interest rates has not resulted in high inflation. This has led to increased interest in the “Neo-Fisherian” proposition according to which low nominal interest rates may themselves cause inflation to be lower.

According to Reuters, Eurozone officials attempted to suppress the publication of this report.

It is highly fitting to have a panel devoted to ‘teaching economics’ in Paris. No less than 15 years ago, in 2000, in downtown Paris, a group of students from the École Normale Supérieure, one of France’s élite schools, wrote a petition asking economics teaching to be devoted to the study of real-world problems, with an instrumental use of mathematics rather than to the description of imaginary worlds based on meaningless formalizations.

Financial stability, or the lack thereof.