Brave new world
by“Sir, Adair Turner suggests some version of monetary financing is the only way to break Japan’s deflation and deal with the debt overhang (“Print…
Economics
Road to nowhere
bySpring 2010: A gradual recovery Autumn 2010: A gradual and uneven recovery Spring 2011: European recovery maintains momentum amid new risks Autumn 2011: A…
Deflation comes knocking at the door
byThere is little doubt that deflationary risks have increased in recent weeks, if only because the dollar has risen sharply against other currencies. Understanding…
Into the unknown
by“Sir, Your headline “Fed’s grand experiment draws to a close” (FT.com, October 29) combines ignorance of what quantitative easing is with insouciance as to…
Macro economic data: an instrument for government intervention
byIt is generally held that for an economist to be able to assess the state of the economy he requires macro-economic indicators which will…
China’s gold strategy
byChina first delegated the management of gold policy to the People’s Bank by regulations in 1983. This development was central to China’s emergence as…
The ECB should be bolder
byAs inflation rates continue to fall across the Eurozone one might expect Austrian economists to rejoice. After all, inflation reduces our purchasing power and…
Like treating cancer with aspirin
by“Sir, Your editorial “A Nobel award for work of true economic value” (October 15) cites the witty and memorable line of J M Keynes about…
Markets and reality disconnected
byThe behaviour of financial markets these days is frankly divorced from reality, with value-investing banished. Markets have become distorted by Rumsfeld-knowns such as interest…
Should governments impose stricter regulations on large firms?
byFrenchman Jean Tirole of the University of Toulouse won the 2014 Nobel Prize in Economic Sciences for devising methods to improve regulation of industries…