The Global Economy And The Return Of Currency Wars
The recent decision by the Bank of Japan to increase the scope of its quantitative easing is a signal that another round of currency wars may be
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The recent decision by the Bank of Japan to increase the scope of its quantitative easing is a signal that another round of currency wars may be
Economic growth, as we learned long ago from the works of economists like MIT’s Robert M. Solow, is largely driven by learning and innovation, not just
Slowly but surely a new consensus is emerging emphasizing the need for Europe’s currency union to organize public investment as a means to overcome its
The global economy is like a jetliner that needs all of its engines operational to take off and steer clear of clouds and storms. Unfortunately,
Growth in the Eurozone has declined significantly over recent months, raising fears that Europe could be heading toward another economic crisis. Bob Hancké writes on what it
Every economic collapse brings a demand for debt forgiveness. The incomes needed to repay loans have evaporated, and assets posted as collateral have lost value.
Economic recovery in the Eurozone is not delayed. It is non-existent. The Financial Times for the first day of October carried several articles assessing the
The discussion has so far followed easily predictable national patterns: Creditor countries do not object to deflation, because it increases the real value of their
Slow growth in the Eurozone has become endemic since the start of the sovereign debt crisis in 2010. This is made very clear in Figure
It has been pretty clear since at least the spring of this year that the ECB was keen to see the euro weakening. At the
Two years have passed since Mario Draghi promised to do “whatever it takes” to save the euro. The bond markets have calmed down but the crisis of
In recent weeks, the managers, employees, and customers of a New England chain of supermarkets called “Market Basket” have joined together to oppose the board
Ten years ago, the world emerged from the dot-com bust and started to look more soberly at the Internet’s potential. While speculative greed and fear
Poor countries export raw materials such as cocoa, iron ore, and raw diamonds. Rich countries export – often to those same poor countries – more
“You shouldn’t get to call yourself an American company only when you want a handout from the American taxpayers,” President Obama said Thursday. He was referring
The European economy is still in crisis. Real incomes in the Euro area are below the level of 2008 and unemployment is in the double
I bet you think that the rich are getting richer and the poor poorer. A few well-known facts might lead you to this conclusion. For