5622 notizie

17 nov 2014 12:37

The G-20 and the Ill-Fated Charge of the Light Brigade

The just concluded G-20 meeting in Australia repeats many themes and patterns set at earlier G-20 meetings.  Those at the Australian Treasury who planned this year’s G-20 economic policy strategy have shown little macroeconomic policy imagination. By adding to the supply-side structural reform plans identified in earlier G-20 meetings (but not fully implemented), and failing [...]

economia |

16 nov 2014 18:06

Abenomics 2.0 – Just What Are They Trying To Achieve?

The recent move by the Bank of Japan to take further measures to accelerate the rate at which it ramps up its balance sheet took almost everyone – market watchers included – completely by surprise. The consequence was reasonably predictable – the yen has once more fallen strongly against almost all major currencies – and [...]

economia |

15 nov 2014 14:54

Sorry for the near-hiatus over the past weeks–I’ve been doing a lot of traveling. Here’s a good post on the current sorry state of economic policy in the US and Europe: The author, Darrell Delamaide, gives a shout-out to MMT: MMT, which bases models on the reality that the U.S. dollar is a fiat [...]

economia |

14 nov 2014 19:55

Six puzzles of the Turkish economy

I have been burning a lot of brain cells of late on six puzzles of the Turkish economy. I have already made some way into solving some of them, while I am still baffled by others. I will simply state them today, with the hope of sharing my answers over the course of the next [...]

economia |

13 nov 2014 17:05

The High Density of Brazilian Production Chains

International trade has undergone a radical transformation in the past decades as production processes have fragmented along cross-border value chains. The Brazilian economy has remained on the fringes of this production revolution, maintaining a very high density of local supply chains. This article calls attention to the rising opportunity costs incurred by such option taken [...]

economia |

12 nov 2014 18:55

Why the Fed is Flummoxed by the U.S. Labor Market:

A New Analysis of Employment in the Era of Secular Stagnation and Global Oversupply   U.S. Jobs in 2014―A New Conundrum   Source: Bureau of Labor Statistics and author’s re-indexation. Aggregate payroll growth in 2014 has been concentrated in low wage sectors and, for reasons discussed in this report, is not transmitting effectively to consumption [...]

economia |

12 nov 2014 13:26

Oil Prices Are Down Again—Did We Miss Our Best Chance for a Better Energy Policy?

Oil is down again. The price of Brent crude, which moves US gasoline prices, is below $100 a barrel for the first time (save a single month) in five years. Why am I not celebrating? No, I don’t own a portfolio of oil stocks. Instead, I am afraid that the recent fall in world oil [...]

economia |

10 nov 2014 21:06

Lessons from the fall of the Wall for Turkey

If you fell into a coma in East Germany in October 1989 and woke up a few months later – like the protagonist’s mother in the German movie “Good Bye Lenin!” – you would find yourself in a completely different country. This is the introduction to my latest Hurriyet Daily News (HDN) column, where I [...]

economia |

10 nov 2014 16:32

Navigating Brazil’s Path to Growth

Brazil’s macroeconomic management will face four major immediate challenges in the near future.  The response to them will be strengthened if we could have some indication of how to steer the Brazilian economy back to a growth route. A first major challenge will be the upward realignment of domestic regulated prices, in a context of [...]

economia |

08 nov 2014 16:53

Fourth Quarter Off to a Good Start with Strong Job Gains, Falling Unemployment

The first major report on the health of the US economy for the fourth quarter of 2014 showed continued gains in the job market. Payroll jobs were up by more than 200,000 for the ninth month in a row. With upward revisions to August and September data, the twelve-month jobs gain was 2,646,000. Annual job [...]

economia |