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‘The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.’Global monetary relations are in disarray. Exchange rates fluctuate wildly among the world’s major trade partners, spawning talk of p …
READ MORE“This is a story about how an economist and his buddies tricked the people of Brazil into saving the country from rampant inflation. They had a crazy, unlikely plan, and it worked. Twenty years ago, Brazil’s inflation rate hit 80 percent per month. At …
READ MORE“What matters is to have an agreed-upon unit of account in terms of which trading partners could price every contractual agreement, preferably having the medium of exchange serve as the unit of account, too. This anchor is missing in the international …
READ MORE“The dollar dropped to a 15-year low against the yen and the weakest in more than eight months against the euro amid growing expectations the Federal Reserve will expand credit easing to sustain the U.S. recovery.” Read more. “Dollar Reaches 15-Year L …
READ MORE“This article develops an error-correction model with the aim of analyzing the behavior of prices during a period of chronic inflation in Brazil. The degree of inflationary inertia is estimated, and tests for the importance of disequilibria in the dome …
READ MORE“This happy outcome was a result of serious efforts by the Finance Ministry to contain budget expenditure and by the Central Bank to restrain excessive monetary growth. Inflation control became the most important priority for the government because, ap …
READ MOREBy Desmond Lachman AEI Online Tuesday, September 14, 2010 “The outbreak of a sovereign-debt crisis in the eurozone’s peripheral economies has been among the more important developments in the global economy in 2010. Sadly, this crisis will likely inten …
READ MOREBy John D. Mueller POLITICAL ECONOMY The Wall Street Journal Publication Date: September 4, 1986 Since 1971 the world has suffered two great inflations and three recessions. Hopes for a world-wide economic expansion have been interrupted once again, …
READ MORE“The time has come to get our financial situation in order. I’m not talking about the pros and cons of another stimulus or if the Bush/Obama plans “worked” or not, but a more substantive proposal. Let’s get some of our gold back from the International …
READ MOREREVIEW & OUTLOOK — A bipartisan swarm pounded Treasury Secretary Timothy Geithner on Capitol Hill yesterday for not doing enough to stop China’s supposed money mischief. The sessions made clear that pressure is building to impose punitive tariffs …
READ MOREEarlier this summer George Soros and some leading Keynesian economists criticized what they regarded as Germany’s overly strict fiscal discipline. Yet Germany’s real output expanded at a robust 9% annual rate in the second quarter, while the U.S. econo …
READ MORERecently the Chinese authorities announced an end to the dollar peg and a move towards a more flexible exchange rate, as commented upon in a previous post. However, there are fears among Chinese officials that this could lead to a wide range of problem …
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