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Yearly Archives: 2023
UK Economic Inactivity and Long-term Sickness
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Post-covid trend of the economic inactivity in the UK
Early signs of inflation expectation de-anchoring back in 2021
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Ricardo Reis, economics professor at the London School of Economics, explained that there were telling signs that the increase in cost of living started ealry-2021 was not a "transitory" phenomenon.
Bank of Canada holds rate at 5% after September meeting
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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
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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
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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
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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.
Economic benefit of asset market bubble
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What the impact of asset price bubbles on US economic growth is.
BoE to run system-wide evaluation on financial system including non-banks
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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 target for 2 more years?
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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%
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Employers in the US added 339,000 jobs in May, but at the same time 440,000 more people reported they were unemployed
Global Economy
Interviews
Global Inequality and Kuznets Waves | Q&A with Branko Milanovic |
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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...
How to Maintain Prosperity for All | Interview with Roger Farmer
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Roger Farmer explains : Why central banks should consider stock market intervention in stabilizing the employment markets?
Economics Rules – Why Economists do it with Models | Q&A with Dani Rodrik
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Rodrik explained why good economists think in terms of models, and what are major differences between models and theory.
He also told us why macroeconomists' quest to find "the one true model" on the business cycle is probably misguided.
Fiscal Theory of Price Level and State of Macroeconomics | Q&A with John Cochrane...
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John Cochrane talks about Fiscal Theory of Price Level and how can we apply this theory on the current macroeconomy.