Focus – The three ‘R’s: Recovery, reallocation, and resilience
Dear Colleague, Structural policies determine how readily resources move within an economy, and are an important determinant of economic performance. They are especially important when the structure of demand and supply are both changing fast, as they are now – due to, … Become a member to read the rest of this article Username […]
EUROPE: CEE PULSE
Political and epidemiological crises are deepening in Bulgaria. In Romania, a dispute within the three-party coalition government over the local infrastructure investment program will likely lead to the replacement of the Prime Minister Florin Citu. Rising political tensions with… Become a member to read the rest of this article
JAPAN: Suga juggles team but struggles to charm key groups; stimulus possible
In a fast-changing political environment, Prime Minister Yoshihide Suga looks set to contest the 29 September party leadership contest as scheduled and may call the general election for mid-October. Amid a spirited challenge from Fumio Kishida, Suga will reshuffle his deck but … Become a member to read the rest of this article
BRAZIL: Day of economic reckoning for Bolsonaro
President Jair Bolsonaro has resorted to combative discourse from the outset of his government. The strategy has always been to attack first and explain later, never to recognize mistakes, and at best deny what was said. Even when he has struck deals with other branches of gover… Become a member to read the rest […]
SOUTHEAST ASIA: The outlook for domestic vaccine passports
Wealthier countries such as Singapore and Malaysia are likely to lead in the use of digital vaccine passports. Ideological issues will not hinder policy at the outset, and neither will privacy concerns unless there are egregious loopholes in both the technology and impleme… Become a member to read the rest of this article
EUROPE: Managing the pandemic – what we are watching
This updated weekly piece provides snapshots of how selected European governments are dealing with the ongoing Covid-19 pandemic. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. Graph of the week Spain – Daily ca… Become a member to read the rest of […]
Global asymmetries strike back
This essay addresses an old question that international relations scholars view as fundamental, but which economists regard as secondary: that of asymmetries in international economic relations.
Wage inequality under inflationtargeting in South Africa
South African Reserve Bank Working Papers by Serena Merrino