By juxtaposing her own trajectory with Wolf’s, Klein demonstrates a level of self-awareness that was not as evident in her…
Fifty years of floating currencies Premium Story
Over the past 50 years, many countries have decided that the benefits of floating exchange rates outweigh the advantages of…
Resisting ESG makes no sense Premium Story
The conservative attack on ESG has less to do with economic freedom than with the culture wars and the right-wing…
An environmentally-driven reinvigoration of the WTO would benefit developing countries. The “buy American” aspects of the Inflation Reduction Act might…
The midterm elections in the US will likely put the Republicans in charge, at a time when the party is…
In the dollar we trust Premium Story
The greenback has proved to be relatively stable compared to other major currencies
Commodity prices may fall further Premium Story
There are two macroeconomic reasons to support such an outlook: level of economic demand and interest rates. And the current…
Reading the signs: Is the US in recession? Premium Story
Can’t call a recession on the basis of two consecutive quarters of negative growth
Will international trade help rein in inflation and boost resilience?
The term “currency wars” was originally a colourful description of what international economists had long called “competitive devaluations” or, after…
Governments should not prolong the life of coal and should withdraw coal subsidies
Central banks are now realising that a longer-term historical perspective offers wisdom derived from a wider variety of circumstances
Today’s higher fossil-fuel prices have so far provided a weaker-than-expected stimulus to private investment in the sector. Firms may have…
US media often report that a particular policy is generally considered bad or unpopular; in reality, it seeks a trade-off…
Although the US’s output growth is likely to be above potential next year, a relatively flat Phillips curve implies that…
Returning to a gold-based monetary system is a terrible idea. Even if low and stable inflation were the only objective,…
The emerging and developing markets are likely to suffer more due to some countries’ negligent leadership
A major disadvantage, however, is that insofar as GDP statistics are subject to subsequent revision, they may require a retroactive…
