Focus – Abenomics is found wanting
The record of Abenomics is at best mixed, and at worst a chronicle of failure. Overall growth potential is minimal, lowflation embedded, and vulnerability to shocks high. Orthodox macro policy is now exhausted, and progress in structural reform has been sluggish. … Become a member to read the rest of this article Username or […]
Economics Risks
Viral resurgences further set back incipient recoveriesBalance sheet distress intensifies, not least in the EMsFiscal policy support is withdrawn too soonReal activity takes several years to return to recent highsNear-zero inflation becomes embedded in the euro areaA ‘no-deal’ B… Become a member to read the rest of this article
Climate change and disease spread: from nature to humans
Rising temperatures and destruction of ecosystems are set to increase health risks Covid-19 shows how an animal-borne virus can wreak havoc on humankind. It is vital that its precise origins and transmission process become better understood, so as to avoid similar, or even mor… Become a member to read the rest of this article
Post Card – Estonia: A country of many faces
Natural beauty and tech savviness make this small state a perfect remote-working destination I write this overlooking a quiet bay on the Western coast of Estonia. Nearest civilization is about half an hour’s drive away. The only background ‘noise’ is crickets and birds. Estoni… Become a member to read the rest of this article
Comment: Britain and the tyranny of nostalgia
Britain has now been in relative economic decline for the better part of 150 years.Many of the reasons for this were first identified as long ago as the Victorian era.Pyrrhic victories in two world wars only deepened the country’s underlying malaise.An enduring obsession with th… Become a member to read the rest of this […]
Global Letter: Our reference G7 multi-year GDP outlook
On historical experience, G7 GDP will likely re-attain its 2019 Q4 level only in 2024 Forecasters make their biggest mistakes when an economy is hit by a shock that is both large (taken to be 2% of GDP or more) and novel. 1 This time, the COVID-19 lockdown shock is unques… Become a member […]
Global Letter – You wouldn’t want to start from here
The policy challenges facing the advanced economies are daunting, and many will fail to deliver. No holds barred Fiscal and monetary policy were loosened rapidly and often unconventionally in response to the COVID-19 pandemic and the stringent containment measures taken to bring … Become a member to read the rest of this article
The prospects for monetary policy across the major economies
Russell Jones, partner at Llewellyn Consulting, shares his views on the prospects of monetary policy across major economies with Speevr.