Reining in China's investment boom will be hard. The Chinese authorities are damned if they do and damned if they don't.
Wednesday, April 21st, 2010
"Money is the most important commodity in an economic system Indeed, money 'makes the world go 'round.' This is because money is the general medium of exchange. We sell our products and services for money, and then use it to buy the products and services of others.
Thursday, April 8th, 2010
"Inflation is a sustained increase in the aggregate price level. Hyperinflation is very high inflation. Although the threshold is arbitrary, economists generally reserve the term 'hyperinflation' to describe episodes when the monthly inflation rate is greater than 50 percent.
Monday, March 29th, 2010
"One part of Alastair Darling’s Budget that appears to have received little attention from the media is his plan for a 'Credit Adjudication Service'. This new body, it appears, will provide an appeals process for small and medium businesses that have been denied credit by banks.
Thursday, March 25th, 2010
"This paper considers inflation forecasts for 2001 under two different assumptions about productivity growth. One assumption, the optimistic one, is that productivity growth has risen above its long-run historical average and that 2001 will see near price stability.
Wednesday, March 24th, 2010
"Inflation rates vary from year to year and from currency to currency. Since 1950, the U.S. dollar inflation rate, as measured by the December-to-December change in the U.S. Consumer Price Index (CPI), has ranged from a low of −0.7 percent (1954) to a high of 13.3 percent (1979).
Wednesday, March 17th, 2010
"Some economic phenomena can result from a variety of causes.
Friday, March 12th, 2010
Recent developments have clearly demonstrated that "there is no such thing as a Keynesian free lunch." The grim story of fiscal crises afflicting major economies is something that should not be taken lightly. It could happen sooner than most people think if the governments of the US and other debt-ridden countries don't get their fiscal houses in order.
Wednesday, March 10th, 2010
"Let me say first that I believe in the benefits conferred by the free market as strongly as anybody in this country: nobody, anywhere, has yet devised a way of organising economic activity which comes close to the free market as a way of efficiently producing the goods and services which people wan
Wednesday, March 10th, 2010
"This work provides an overview of monetary policy operating procedures in emerging market economies. Most of the discussion reflects the situation in mid-1998. The emphasis is on general principles although in practice country-specific factors condition actual procedures.