|Filed Under:||Business & Finance / Economics|
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|Archived Since:||March 2, 2008|
In a visit to London Friday, during which he spoke at the London Business School, Thomas Piketty stuck to his wealth-tax recommendation, but also said there is some evidence it is being followed.
Regulators and lenders say that they've made major progress that should enable more Americans to get mortgages next year. But one major problem that could hold lending back has yet to be addressed, according to a research paper released by the Urban Institute this week.
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota, who cast a dissenting vote at this week's Federal Reserve policy meeting, said Friday the U.S. central bank is playing an increasingly risky game that could lead to further declines in already weak inflation.
Thomas Piketty’s “Capital in the 21 st Century” was a 2014 must-read for anyone interested in economics. But while his claim that income and wealth inequality has risen over recent decades to highs last seen before the start of the First World War was widely accepted, his policy prescriptions were not.
Falling oil prices and Russia's deepening economic turmoil are proving to be two of the biggest developments for the global economy this year, reshaping the Obama administration’s international economic policy.
The biggest current threat to the Bank of Japan’s pledge to foster 2% inflation by next year is the sharp drop in global oil prices. But Gov. Haruhiko Kuroda is downplaying such concerns for now, instead welcoming the resulting boost to growth and insisting he will hit his price target on time, nonetheless.
Call it the Washington/Paris consensus. The Peterson Institute for International Economics this week urged a fundamental rethink of the eurozone's strategy for confronting its mounting economic woes, adding its voice to those of the IMF and OECD.
The Russian ruble’s swan dive is putting pressure on the exports of several European Union countries as some political leaders there take a fresh look at the sanctions that have added to the economic upheaval.
The global plunge in oil prices could lead to a painful economic downturn in Texas, J.P. Morgan Chase’s chief U.S. economist said Thursday.
Employment and wages grew in the vast majority of large U.S. counties through the first half of the year, a broad improvement that masks the unevenness of the economic expansion.
U.S. airfares rose at a healthy 5% clip between July and September after a 7.6% rise in the prior three-month period.
The Federal Reserve was so worried that dropping the phrase "considerable time" from its statement might spook financial markets it decided to keep the term in there, sort of.
The Wall Street Journal’s Daily Report on Global Central Banks for Thursday, December 18, 2014. Jon Hilsenrath finds Janet Yellen untroubled by falling oil prices, and with a firm focus on diminishing slack in the labor market.
The Swiss National Bank on Thursday said it will install a negative rate on certain deposits, becoming the latest central bank in Europe to take this step.
Despite falling unemployment rates, there are few signs that rising wages will soon start to push inflation higher in either the U.S. or the U.K., where central banks are expected to raise their benchmark rates next year and in early 2016 respectively.
Federal Reserve Chairwoman Janet Yellen said she has "great confidence" in Federal Reserve Bank of New York President William Dudley, responding to questions about scrutiny the regional Fed bank is facing for its ties to large financial institutions and its performance in supervising them.
Review the Fed's December decision and Chairwoman Janet Yellen's press conference.
As the White House charts a new course for relations with Cuba, here are five things to know about Cuba’s economy.
Federal Reserve Chairwoman Janet Yellen said Wednesday the U.S. central bank is unlikely to raise short-term interest rates until at least the spring.
Federal Reserve officials continue to see a start to rates rises next year but a slightly slower pace of increases, in an outlook that predicts weaker future inflation gains, according forecasts released by the central bank Wednesda...