470 Results for “inflation”

Kenneth Rogoff, Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance, and the Road Ahead. Yale 2025.

For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.

Viewed in historical context, the weak recovery from the 2008 crisis has been slow and painful, but a sub-5% unemployment rate and healthy job and wage growth will be among the most important legacies Obama leaves to the next president

“You can’t get out of debt by adding more debt.”

Returns on wealth exceed growth for more countries, more years, and more dramatically than Piketty has found

The Chinese property market may finally be boiling over; there are certainly enough signs that the bubble is ready to burst.

Pisani-Ferry discusses the challenges facing the creation of a common monetary union in the form that was eventually agreed in the 1990s absent a political union.

Contrary to the neoclassical model’s assumptions, shifts in aggregate demand have persistent effects on GDP

How can we reconnect economic success to socioeconomic outcomes?

Phenomenal World

By pushing workers into precarious, part-time work, “Third Way” governments of the past 20 years helped to create the disturbing economic trend that’s vexing orthodox economists

When an economic model fails, it is reality—and the people living in it—who pay the bills while the model lives on, unscathed.

Salaries in the U.S. aren’t keeping up with inflation, despite pandemic-related increases in some sectors. That’s a major threat to the future for all working Americans – especially the youngest.

One thing is now certain about the upcoming presidential election in the United States: the next president will not be a committed free trader.

The recent financial crisis has impressively illustrated the dangers of rapid credit growth in a painful way.