Divisive Johnson, improbable Corbyn, Five ways to advance on climate change, and more

Commentary

In memoriam

Volcker and Nölling – Benevolently independent: Paul Volcker and Wilhelm Nölling were independent central bankers and economists from two sides of the Atlantic, united by benevolent obstinacy, curmudgeonly good humour and staunch commitment to public service, writes David Marsh. Both believed in asking the big questions. Read more.

Commentary

Fed’s enduring target rate debacle: Since the 2008 financial crisis, one critical issue has loomed over US monetary policy-making: the choice of alternative reference and target rates. But the Federal Reserve’s lethargy in reforming its target rate has created significant market uncertainty, writes Pierre Ortlieb. Read more.