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Six Nations 2023: Warren Gatland says Ireland opener ‘a free hit’ for Wales as ‘buzzing’ England prepare for debut under Steve Borthwick | Rugby Union News

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Ireland prop Finlay Bealham, Wales head coach Warren Gatland and England prop Ellis Genge are just some of the names in the news this week… We hear from all four camps ahead of Saturday’s Six Nations opening weekend, as Wales host Ireland in Cardiff and England face Scotland at Twickenham… Gatland: Ireland clash a ‘free … Lire la suite

Macroeconomic Policy Regime Change in Advanced Economies

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Original Post A triple structural change in the macroeconomic policy regime in advanced economies has taken place in the last two years, as compared to the post-global financial crisis period. First, a chronic insufficiency of aggregate demand, identified as a growth deterrent prevailing after the 2008 global financial crisis, has been superseded by more frequent … Lire la suite

Whither the Phillips Curve? – Economic News, Analysis, and Discussion

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Forthcoming as a Policy Paper at the Policy Center for the New South 1 Introduction Inflation as a global phenomenon has triggered the simultaneous tightening of monetary and fiscal policies internationally. Consequently, global economic growth projections for 2022 and 2023 have been revised downward. As inflation rates will come down only gradually, given the price … Lire la suite

Whither China’s Economic Growth – Economic News, Analysis, and Discussion

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First appeared at Policy Center for the New South Chinese economic figures released since the beginning of August have showed a slowdown in its growth. New Omicron coronavirus outbreaks in the context of Covid-zero policy, the housing slump and heat waves have been holding up the pace of the economy. China’s current growth slowdown is … Lire la suite

Quantitative Tightening and Capital Flows to Emerging Markets

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Policy Center for the New South In its May 15th meeting, the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve (Fed) lifted its benchmark policy rate by 0.75% to 1.50%–1.75%, the most significant increase since 1994. The central bank also signaled an additional increase of 0.75% ahead. FOMC members also raised the median … Lire la suite

Dollarization of Argentina: Revival of a Zombie Idea

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Otaviano Canuto and Sebastian Carranza Original post at the Policy Center for the New South A proposal to dollarize Argentina’s economy reached its Congress in March. As this route occasionally appears as a proposal in Argentina, we summarize here the potential consequences of such a move. First, we point out broadly the implications of dollarizing … Lire la suite

Emerging economies, global inflation, and growth deceleration

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The « World Economic Outlook » report released by the International Monetary Fund (IMF) on April 19th depicted a worsening in the global economic scenario for 2022: lower economic growth and higher inflation, compared to the January projections. As director-general Kristalina Georgieva had said in the previous week, the war in Ukraine represented a « substantial setback » for … Lire la suite

War in Ukraine and Risks of Stagflation

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Original at Policy Center for the New South Abstract The war in Ukraine is bringing substantial financial, commodity price, and supply chain shocks to the global economy. Sanctions on Russia are already having a significant impact on its financial system and its economy. Price shocks will have a global impact. Energy and commodity prices—including wheat … Lire la suite

The Post-Pandemic Great Reset – Economic News, Analysis, and Discussion

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Forthcoming at Atlantic Currents, Policy Center for the New South The Covid-19 pandemic plunged the world into a health, social and economic crisis of exceptional magnitude. In economic terms, the restrictions established to contain the spread of the virus resulted in a sudden stop to entire sectors of activity and major disruptions to supply chains. … Lire la suite

Decarbonization and “Greenflation” – Economic News, Analysis, and Discussion

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Policy Center for the New South, PB-51/21 Accelerating the transition toward low or net-zero carbon emissions is necessary to keep global warming at theoretically safe levels. That will likely bring price shocks associated with rising metal prices, energy costs, and carbon taxes – what has been called “greenflation”. Greening the economy will also require public … Lire la suite