dChan
Anonymous ID: 6206cc Jan. 23, 2020, 5:56 a.m. No.7885795   🗄️.is đź”—kun   >>5818

>>7885788

https://www.telegraph.co.uk/finance/economics/9738459/Mark-Carney-hints-at-need-for-radical-action-to-boost-ailing-economies.html

https://outline.com/zkXwpj

 

Mark Carney hints at need for radical action to boost ailing economies

 

2012

 

Mr Carney, the current Bank of Canada governor who takes over from Sir Mervyn King next June, said central bankers should consider committing to low interest rates until inflation and unemployment met “precise numerical thresholds”, or even changing “the policy framework itself” to stimulate a desperately weak economy.

 

His words were directed at the Bank of Canada but will be seen as a hint that he will push for radical action in the UK, where the economy has been stagnant for two years. On his appointment, he said that he would be going “where the challenges are greatest”.

 

Addressing the Chartered Financial Analyst Society in Toronto, Mr Carney said that in major slumps: “To achieve a better path for the economy over time, a central bank may need to commit credibly to maintaining highly accommodative policy even after the economy and, potentially, inflation picks up.

 

“To 'tie its hands’, a central bank could publicly announce precise numerical thresholds for inflation and unemployment that must be met before reducing stimulus.”

 

He added: “If yet further stimulus were required, the policy framework itself would likely have to be changed. For example, adopting a nominal GDP level target could in many respects be more powerful than employing thresholds under flexible inflation targeting.”

Anonymous ID: 6206cc Jan. 23, 2020, 6:12 a.m. No.7885883   🗄️.is đź”—kun   >>5952 >>6004

https://foreignpolicy.com/2020/01/22/world-leaders-jerusalem-auschwitz-liberation-anniversary-poland-russia-duda-putin/

 

World Leaders Mark Auschwitz Liberation Without Poland

 

World leaders have gathered in Jerusalem today to commemorate the 75th anniversary of the liberation of Auschwitz, with U.S. Vice President Mike Pence, Russian President Vladimir Putin, Britain’s Prince Charles, and French President Emmanuel Macron speaking at the Holocaust memorial, Yad Vashem. There is one notable absence: Polish President Andrzej Duda, who declined to attend because Putin was given a speaking slot as a leader of a main Allied power.

 

Russia and Poland are embroiled in a disagreement over how World War II began, and particularly over the Soviet Union’s 1939 nonaggression pact with Germany. On Monday, Duda will lead another ceremony at the site of the Auschwitz-Birkenau death camp—to which Putin was not invited. The feud has cast a shadow over the commemoration, where Israel hoped to present a united front against anti-Semitism.

 

What is the feud about? In recent months, Putin’s government has downplayed parts of the Soviet Union’s World War II legacy—such as attacking Poland from the east as Germany attacked it from the west in 1939—and highlighted its role in the liberation of Poland from the Nazis. That’s led Poland to accuse Russia of rewriting history.

 

Putin last month appeared to blame Poland for the outbreak of war—remarks that were unusual even by his standards. While Putin has clearly done some archival research, his historical revisionism wouldn’t earn him a passing grade at any reputable university, Sergey Radchenko argues in FP.

 

What about Polish revisionism? Poland, meanwhile, has faced criticism that it is ignoring the role of some Poles who aided the Nazis. Indeed, the Polish government’s own questioning of Poles’ role in the Holocaust—and its effort to criminalize any mention of Polish responsibility—led to a diplomatic standoff with Israel last year and prompted Israel’s foreign minister to declare that Poles “suckle anti-Semitism with their mother’s milk.”