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Otaviano Canuto on Aging and the Immigration Conundrum: A Demographic Dilemma
Across the globe, populations are aging as declining fertility rates and increased longevity reshape demographic landscapes. While longer life expectancy is a testament to medical and public health advancements, the persistent decline in birth rates presents an economic challenge of
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Otaviano Canuto: The US Elections Will Have Global Economic Impact
On Tuesday, US voters will decide who will control the White House, the Senate, and the House of Representatives. Kamala Harris, Donald Trump, and their respective parties differ significantly on key economic policies that will affect not only the U.S.
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Otaviano Canuto: Politics and Climate Change Make Awkward Bedfellows in the Race to Tackle a Truly Fearsome Foe
The earth’s average surface temperature this May was higher than any other May on record… what can, and should, governments be doing? According to the European Union’s Copernicus Climate Change Service, May’s temperature was 1.52 degrees Celsius above the pre-industrial
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Otaviano Canuto: The Global War of Subsidies
US bids to limit tech imports and exports send a message of frustration and fear. Prior to her visit to China on April 4 — her second in nine months — Janet Yellen, US Secretary of the Treasury, sent a
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Otaviano Canuto: Growth Implications from a Fractured Trading System
To understand the implications of a fractured trading system, let’s use the period known as hyper-globalisation, or globalisation 2.0, as a benchmark. In the 1980s and ‘90s, we saw the consequences of a tectonic shift deep beneath the global economy.
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Otaviano Canuto: Rising Use of Local Currencies for Cross-Border Payments
At the recent BRICS summit in Johannesburg, the leaders of Brazil, Russia, India, China and South Africa said they wanted to use more of their national currencies for cross-border payments. Those payments are currently dominated by the US dollar and
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Otaviano Canuto: The Dollar’s ‘Exorbitant Privilege’ Remains
Otaviano Canuto discusses the ongoing role of the greenback in international monetary systems… There has been talk of “de-dolarisation” of the global economy, with recent initiatives and policy moves by China and other countries to extend the reach of use
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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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Otaviano Canuto: Some Economies May Soon Face a Hard Landing
Weaker performance of emerging markets is expected in the immediate future. This year began with simultaneous signs of a slowdown in global economic growth and a reorientation toward tightening of monetary policies in advanced economies. In its latest Global Economic
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