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Blog Profile / Free Exchange

Filed Under:Business & Finance / Economics
Posts on Regator:5670
Posts / Week:16.8
Archived Since:June 7, 2008

Blog Post Archive

The right call

CHINA has cut interest rates for the first time in more than two years, a powerful signal that the government want to step up support for the slowing economy. As fate should have it, a rate cut was the very thing we had called for in our leader on Chinese monetary policy this week. Show More Summary

A glut-wrenching experience

What not to do when everyone wants to buy your debt

It is really that bad

SINCE OUR print-edition piece last week, Ukraine’s economy seems to have stabilised a little. The currency fell by about 2% this week against the dollar, much better than what happened the week before (when there was a 14% drop). Ukraine's central bank issued an optimistic press release, suggesting that the currency was starting to appreciate. Show More Summary

About that debt

Japan's best fiscal bet is to leave deflation behind

Surprising results

This week: A look back at the G20 summit in Brisbane, Japan enters a recession and retailer Amazon and publisher Hachette agree on a deal over the price of e-books

Lazy graduate students?

“IF THE objective of graduate training in top-ranked [economics] departments is to produce successful research economists, then these graduate programmes are largely failing.” That’s the startling message from a recent paper published in the Journal of Economic Perspectives. Show More Summary

Rouble runes

The Russian rouble runs into trouble, Ukraine's economy takes a dive, big banks become lesser risks and China and Japan shake hands at APEC

Deflation, deflated

WHEN people think of a large Asian country on the brink of deflation, they probably have Japan in mind. But China, the biggest of them all, is now skirting close to outright falls in prices across a wide swathe of the economy. Producer...Show More Summary

Target the SMEs

Rounding off our discussion of what the ECB can do to save the euro zone is Sony Kapoor, managing director of the think-tank Re-Define. The effectiveness of long-overdue quantitative easing by the ECB will depend on the quantity and quality of the assets purchased and on the fiscal stance in the euro zone. Show More Summary

Deceptively dull

America's monthly job reports this year have been so predictable that they have started to become boring. Today, the federal government reported that non farm payrolls rose 214,000 in October from September, the ninth consecutive month above the 200,000 mark. Show More Summary

A QE proposal for Europe’s crisis

Up next on our economists' roundtable is Yanis Varoufakis, of the University of Athens. The other contributions to the roundtable are here, here, here and here. MARIO DRAGHI understands that to stave off deflation, the ECB must not only...Show More Summary

Continued inaction

IF YOU take a look at the Bloomberg chart below, which shows the euro-dollar exchange rate, you might think that something big had happened today. Source: Bloomberg Today the ECB had a monetary-policy meeting, where as expected it kept its benchmark interest rate at 0.05%. Show More Summary

QE is no silver bullet

Continuing our discussion of QE and the euro zone is Demosthenes Tambakis of the University of Cambridge. The other contributions to the roundtable are here, here and here. One could list several reasons why full-blown quantitative easing (QE) cannot save the euro. Show More Summary

Rashomon in euro land

Continuing our economists' roundtable on the euro zone is Ugo Panizza, of the Graduate Institute, Geneva. Other contributions to the roundtable can be found here and here. SCHUMAN and Monnet’s dream is becoming a nightmare and European policymakers are stuck with contradictory and self-serving explanations for the ongoing tragedy. Show More Summary

Lessons from America

Andrea Ferrero, of Oxford University, continues our roundtable discussion of how the ECB can help the euro zone. So far we have heard from Paul de Grauwe, who argued that the ECB should stop fearing German opposition to QE. LAST WEDNESDAY the Federal Reserve announced the end of open-ended asset purchases. Show More Summary

Japan's bold move

THIS week: The bank of Japan expands quantitative easing, the economic impact of America's mid-terms and what to make of the latest official report on climate change

Quite enough

The Fed needs a change in behaviour, a change in target, or a change in personnel.

The ECB should stop fearing the Germans

We are hosting a round-table discussion on what the European Central Bank can do to stave off deflation and boost growth in the euro zone. First up is Paul de Grauwe of the London School of Economics. THE CONTRAST between the monetary policies pursued in America and the euro zone since 2012 could not be greater. Show More Summary

Important, shocking, but lacking

UNICEF, a branch of the United Nations, has just released an interesting report on child poverty during the Great Recession. The report’s results have been reported widely and are distressing. It shows that since 2008 2.6 million children in rich countries have sunk below the poverty line. Show More Summary

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