European Central Bank president Mario Draghi: the ECB fire brigade was late arriving to do “whatever it takes” in 2012 and, again, to take action to move the rate of inflation back towards its target of 2 per cent. Nonetheless, the ECB did take action. Photograph: Emmanuel Dunand/AFP/Getty Images

When the Economic and Monetary Union (EMU) was set up, a lot of work went into specifying the governance and objectives of the European Central Bank ((...)

The outbreak of the first World War was, we are told, greeted with confidence and jubilation by the peoples of Europe. Something similar seems to be h(...)

Greece’s prime minister Alexis Tsipras: the ECB research comes at a time of heightened tension between Greece and its international creditors, with the government rebelling against attempts to reshape its economy. Photograph: Virginia Mayo/EPA

Economists at the European Central Bank have claimed that government austerity works, saying policies of the sort imposed by the troika on weaker euro(...)

Oliver Blanchard was behind many of the IMF’s policy shifts in recent years in response to lessons from the crisis

The International Monetary Fund has said its chief economist Olivier Blanchard is retiring from the IMF, and the search for his replacement would begi(...)

Brent crude oil prices fell towards $48 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 (...)

A Chinese man works at Yanxiang Electronic Science and Technology, a private enterprise in the northern city of Tianjin. Photograph: Guang Niu/Reuters

China’s economy grew at its slowest pace in 24 years in 2014 as property prices cooled and companies and local governments struggled under heavy debt (...)

Mario Draghi, president of the European Central Bank. the bank’s chief task has been to maintain a stable inflation rate in the euro zone, defined as close to but below 2 per cent.

Too much inflation is a bad thing, and can risk spiralling out of control. But too little inflation – price changes at or near zero – makes legacy deb(...)

IMF chief economist Olivier Blanchard: “Advanced economies are still confronted with high levels of public and private debt, which act as brakes on the recovery.”  Photograph: EPA/Alex Cruz

The International Monetary Fund has downgraded its outlook for global growth, blaming a “weak first quarter” in which the US economy contracted and “(...)

 International Monetary Fund managing director Christine Lagarde speaks at the National Press Club  in the US earlier this month. Photograph:  Stephen Jaffe/IMF via Getty Images

The International Monetary Fund raised its global growth forecasts for the first time in nearly two years today amid rising demand and inventories in (...)

US president Barack Obama waves goodbye at the end of his news conference at the White House Briefing Room in Washington yesterday.

US president Barack Obama turned up the political pressure on Republicans yesterday, saying he would be willing to negotiate on budget issues only aft(...)