Bank of Canada continues to hold rate at 5% as underlying inflation still shows...
Governor Macklem said the "Governing Council’s discussion of monetary policy is shifting from whether our policy rate is restrictive enough to restore price stability, to how long it needs to stay at the current level"
US CPI inflation rebounds in Dec to 3.4%
Core CPI inflation continues to decelerate to 3.93%
UK Economic Inactivity and Long-term Sickness
Post-covid trend of the economic inactivity in the UK
Bank of Canada holds rate at 5% after September meeting
Bank of Canada maintained its benchmark interest rate at 5% but warned about persistent underlying inflationary pressure.
G20 finance officials to discuss debt, funding to low-income countries in India
G20's economic officials will gather in India next week to discuss ways to boost lending to developing countries from multilateral institutions and to reform the international debt system, Reuters cited unnamed Indian officials.
Leading indicator for UK goods inflation
One of the leading indicators Bank of England (BoE) uses to predict the future direction of goods inflation is the manufacturing producer price index (PPI) growth rate. The close relation, however, has broken down in the past year.
Bank of England raises interest rate by 0.5%—notes on the Bank’s decision
Bank of England on Thursday decided to raise its benchmark interest rate by 0.5% to 5%, larger than the market expectation of a 0.25% increase. The decision followed Office of Nation Statistics' publication of a 8.7% CPI inflation reading for the year to May on Wednesday.
BoE to run system-wide evaluation on financial system including non-banks
Bank of England will conduct a system-wide exploratory scenario (SWES) exercise on the UK financial markets to see how well both banks and non-bank financial institutions can handle stress market conditions.
Why Fed projects to cut rates next year even it expects failure to reach...
Inflation projections by Fed officials show that PCE inflation will not reach 2% by the end of 2025. Why the Fed expects to cut rate next year then?
US gains 339,000 jobs while unemployment rate rises to 3.7%
Employers in the US added 339,000 jobs in May, but at the same time 440,000 more people reported they were unemployed
Interviews
Is Inequality part of Macroeconomics? | Interview with Branko Milanovic |
Branko Milanovic discusses whether the study of inequality can be considered as part of macroeconomics and how should macroeconomists incorporate his idea of Kuznets Waves into their models.
How to Maintain Prosperity for All | Interview with Roger Farmer
Roger Farmer explains : Why central banks should consider stock market intervention in stabilizing the employment markets?
Midas Paradox and the Great Depression | Q&A with Scott Sumner |
Welcome! This is the first installment of our interview series "Where is the General Theory of the 21st Century?"
"Where is the General Theory of...
Global Inequality and Kuznets Waves | Q&A with Branko Milanovic |
Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?”
“Where is the General Theory of the...