Historically low inflation is a global phenomenon
It is not just confined to the advanced economies Inflation in emerging market and developing economies 1. Inflation fell to extraordinarily low levels in the emerging and developing (EMD) economies in the early stages of the pa… Become a member to read the rest of this article Username or E-mail Password Remember Me […]
Chart of the month – Europe – Change in the fiscal stance
Europe’s recovery requires that fiscal policy not be tightened prematurely … that the mistakes of the post Global Financial Crisis period be avoided Fiscal policy worldwide has been expanded extraordinarily in response to the pandemic Support to incomes and employ… Become a member to read the rest of this article
Household balance sheets will deteriorate as joblessness rises
This stands to feed back negatively on the financial sector 1. Consumer credit write-offs typically rise with unemployment. − Interesting data from the Bank of England show that each 1-point ri… Become a member to read the rest of this article