Sins of omission vs sins of commission

That is the topic of my latest Bloomberg column, here is one excerpt: To be clear, public health officials are encouraging additional vaccinations. But they don’t seem to realize how much their own ostensibly “careful” rhetoric makes vaccination sound unappealing. “Not talking up the vaccines” is a sin of omission, not a sin of commission, […]

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The Evidence Is in on Negative Interest Rate Policies

By Luis Brandao-Marques and Gaston Gelos عربي, 中文, Français, 日本語, Русский  Interest rates are low, and “lower for longer” has become something of a mantra among policy makers, regulators, and other market watchers. But negative interest rates raise an entirely new set of questions. After eight years of experience with negative interest rate policies, the initial skepticism (paying interest […]

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