Fiscal policy

The Right Advice For The Pandemic Recovery

Last year, I lost my teacher, friend, and most valued research colleague, and the world lost a brilliant economist. Richard Cooper was one of my supervisors when I was pursuing my Ph.D. at Yale. As a doctoral candidate, I benefited from a veritable “dream team” of economists, each of whom enriched my life and work tremendously. James Tobin pushed me towards deep and creative insights with empirical relevance. Edmund Phelps sharpened my analytical skills.

2 July 2021
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Fighting COVID-19 Like Being In A War

The world is not yet sufficiently alarmed by how much the COVID-19 pandemic has ravaged the global economy. We track the daily numbers of infections and casualties. But we are oblivious to the job losses and lives upended, especially in the developing world, where the pandemic has barely elicited a public-health response.The pandemic’s impact on major economies has so far been four times worse than that of the 2008 global financial crisis.

10 December 2020
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China Can Spend More To Grow More

China’s economy seems largely to have bounced back from the COVID-19 shock. It registered 4.9 percent annual growth in the third quarter of 2020, and the rate may well exceed five percent growth in the fourth quarter. The result would be at least two percent annual full-year growth – not bad at a time when much of the world is facing a pandemic-induced recession. But that doesn’t mean smooth sailing ahead.

9 December 2020
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China’s Fiscal Dilemma

COVID-19 hit the Chinese economy hard in the first quarter of 2020, causing real gross domestic product (GDP) to contract by 6.8 percent year on year. But since the city of Wuhan emerged from lockdown in early April, the economy has gradually returned to normal, and grew by 3.2 percent in the second quarter. According to the consensus view, China’s current potential GDP growth rate is six percent.

27 July 2020
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EXCLUSIVE: Can The EU Recover From The Pandemic?

In this ASEAN exclusive, Francesco Alberti speaks to Vincenzo Amendola, Italian Minister for European Affairs to better understand the European Union’s response to the deadly coronavirus pandemic that is sweeping Europe and the rest of the world.The European Union (EU) is facing a pivotal moment in its history.

8 May 2020
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Trump’s currency confusion continues

Next month, the United States (US) Department of the Treasury is due to submit to Congress its biannual report detailing which countries, if any, are manipulating their currencies to gain an unfair trade advantage. For his part, President Donald Trump is already accusing China of doing so, as he did throughout the 2016 election campaign. And he is reportedly trying to influence the Treasury Department’s deliberations.What has changed since the last report in April?

23 September 2018
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