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Otaviano Canuto: Macro-economic Policy Change – We’re Not in Kansas Any More
The possibility of multiple financial shocks lies ahead. Three significant changes to the macro-economic policy regime in advanced economies have unfolded in the past two years. Fears of a chronic insufficiency of aggregate demand as a growth deterrent — which
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Otaviano Canuto: Going Around the Bend? Assessing the Phillips Curve May Be of Help
Unemployment and wage rates are theoretically linked, and may hold a key to our immediate economic future. Current global stagflation may evolve to become a soft landing, a sharp downturn, or a deep recession. It will all depend on how
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Lord Waverley: First In, Best Dressed — UK’s Bid to Join Key Regional Trade Agreement
The United Kingdom has applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a trade agreement between 11 countries stretching from Vietnam to Peru, including Japan. Its members contain some of the fastest-growing economies in the world,
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Evan Harvey, Nasdaq: Language Locks and Building Blocks
Language has been an inhibitor to the progress of sustainable business. Rather than putting a trendy new name on an essentially new business practice, a series of conflicting, complementary, and confusing labels has come into practice. Because this era is
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World Debt Anchor to Keep Interest Rates and Growth Low
Debt — both public and commercial — is exploding in the US, and internationally. Interest rates are being kept low by the central banks. The governments in the US and southern Europe cannot afford a rise in the rates on
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Lord Waverley: Quest for Balance and Unity Hampered by Blurred Lines and Differing Standards
There is an increasing recognition of the need to reassess the intersection of global co-operation and security, and how Western democracies can best balance those needs and interests. Global politics is a grey area with individuals, state- and non-state actors
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Lord Waverley on WTO: Inclusive and Sustainable Trade Reforms are Vital for Shared Benefits
The previous US administration, the politicisation of trade and a looming economic crisis due to the pandemic and Brexit are creating an environment of protectionism. This must not be allowed to happen, argues Lord Waverley. The need has never been
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Lord Waverley: A New Chapter for the UK and a Meeting Place for the World
With the EU agreement now in place, the United Kingdom has the chance to develop a strategy that addresses the ambitions and goals of the country at large. The halcyon days of yesteryear have not diminished but do need to
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The Two Sides of Capital Flows into Brazil
There was a significant inflow of funds in Brazil’s external financial account in October and November for investments in both stocks and fixed income instruments. The bulk of the recent inflow has come in a passive way, and it did
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Lord Waverley on Development Banks – By Name and By Nature: A Boon in Troubled Times
Development Finance Institutions (DFI), Development Finance Companies (DFC) or Development Banks (DB) are institutions that provide finance for development projects predominantly in weaker or developing economies. Development banks provide medium- to long-term risk capital and technical assistance to developing economies
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