Economics

The most influential female economist says sexism in her discipline is very real

If you really want to piss off the economist Carmen Reinhart, refer to her coauthored research with fellow Harvard economist Kenneth Rogoff as the work of “Rogoff and Reinhart.” (Whoops.)<p>“In economics, the alphabet rules. If the authors are not listed alphabetically, then you are the junior …

Keynesian Economics

What the U.S. can learn from India’s move toward a cashless society

Silicon Valley fancies itself the global leader in innovation. Its leaders hype technologies such as bitcoin and blockchain, which some claim are the greatest inventions since the Internet. They are so complex that only a few mathematicians can understand them, and they require massive computing …

Joseph Stiglitz

Damaging low interest rates and QE must end now, think thank warns

The Bank of England must stop quantitative easing and put an end to low interest rates because they are damaging the UK's economy, a leading think-tank has warned.<p>Low interest rates and QE, also known as asset purchase, were originally intended to be a short-term response to the financial crisis of …

Business (UK)

FINANCE PROFESSOR: Trump's 'failed economics' could push the US back into recession by 2018

<i>Mark T. Williams teaches finance at Boston University, is a former Federal Reserve Bank Examiner, and is the author of "Uncontrolled Risk" about the collapse of Lehman Brothers and the key drivers of the financial crisis.</i><p>In Don Quixote fashion, President Trump is attempting to battle global …

Trade War

4 Reasons Why International Trade Is Slowing

<b>Definition:</b> International trade is the exchange of goods and services between countries. Total trade equals exports plus imports. In 2015, world …

International Trade

Killing TPP is bad news for Americans, but great for China

<b>(CNN) —</b> It's now clear that the election of Donald Trump will dramatically alter the shape of the world's economy for the foreseeable future. But based on his executive action to withdraw from the negotiating process of the Trans-Pacific Partnership (TPP), this reshaping will not be for the benefit …

Trans-Pacific Partnership

Why Attacking Free Trade Is Great Politics and Bad Economics

If Donald Trump cracks down on trade, he will not be the first politician to fly in the face of economic wisdom, only the loudest. As Dani Rodrik of …

NAFTA

Sterling’s future under a ‘clean’ Brexit

The sharp drop in sterling that has followed the Brexit referendum has imparted a major shock to anyone doing business, or owning assets, across the …

Brexit

The Rising Risk of Central Bank Instability

Separate comments last week from European Central Bank President Mario Draghi and Federal Reserve Chair Janet Yellen confirmed an ongoing change in the policy configuration facing their two systemically important central banks: The recognition of a transition in both economic conditions and …

Janet Yellen

The 'Big, Fat, Ugly Bubble'

Donald Trump's reference to the stock market as a "Big, Fat, Ugly Bubble" is confirmed by a variety of standard valuation metrics.<p>The bubble has been …

Stocks

Saudi inflation plunge aids government in fight to tame deficit

DUBAI (Reuters) - A plunge in Saudi Arabia's inflation rate, to its lowest level in more than 10 years, is good news for the kingdom's efforts to reduce a huge state budget deficit without stifling economic growth.<p>Annual consumer price inflation slowed to 1.7 percent in December from 2.3 percent in …

Business

The Line that Divides Us: The Shocking Visual Reality of Economic Inequality

Pretending we live in a colorblind, equitable, integrated society is all fine and dandy until we’re confronted with the harsh reality of life outside our sparkly high-rise buildings. Unfortunately, many of us don’t ever venture far from the comfort of our self-inflicted social and physical bubbles. …

Social Justice

Philip Hammond came very, very close to admitting Brexit will make Britain poorer

LONDON – This is about as close as any member of Theresa May's government is going to admit that Brexit is going to hurt economic growth in the UK, and make Brits poorer.<p>In Davos last week, Chancellor of the Exchequer Philip Hammond admitted that he believed consumer demand would decline this year …

Business

Australia's economic malaise comes down to dreadful decisions

The truth is that everyone from the Reserve Bank to treasurers have misread and mismanaged things<p>It’s time to be blunt about economic management in Australia. It’s dreadful.<p>The proof is that economic growth is floundering despite strong global conditions, unemployment has gone from among the lowest …

Business (UK)

President Trump can levy tariffs without Congress

<b>New York (CNN) —</b> President Trump is already tapping his wide-ranging powers on U.S. trade policy.<p>But you may be surprised by just how much Trump can do without any approval from Congress.<p>One of his first executive orders on Monday was to withdraw from the Trans-Pacific Partnership (TPP). Earlier in …

World Economy

What Investors Should Watch After Inauguration Day

President Donald Trump made plenty of policy promises on the stump and during the transition period: fiscal stimulus, tax cuts, deregulation.<p>Hopes for these policies cranked up investors’ appetite for risky assets in the weeks after the election. Treasury yields shot higher along with the U.S. …

Business

An important psychological shift is taking place in the US economy

The recent jump in global bond yields represents a reflationary reawakening just a year after deflation and recession fears were dominant. Is this another false dawn? We don’t think so. This is an important psychological shift for investors previously obsessing over downside risks to growth and …

Business (UK)

Japan Threatens India With WTO Action Over Steel - Good, It Should, To Benefit Indians

One of the little things which all too many people misunderstand about economics and the economics of trade is that it is the imports which produce the benefits. The point and purpose of the entire process is that we, the consumers, can get our hands on those lovely things which foreigners make …

Steel

President Trump is about to tank the economy

Predictions are a treacherous business, especially when they concern Donald J. Trump. Nevertheless, I'm going to stick my neck out: Within four …

Taxes

China's preliminary 2016 fiscal deficit $413 billion, exceeding target

BEIJING (Reuters) - China had a significantly larger fiscal deficit in 2016 than it targeted, according to a Reuters calculation based on preliminary data released on Monday by the Finance Ministry.<p>The preliminary deficit was 2.83 trillion yuan ($413 billion), which Reuters calculates to be 3.8 …

China

How did Obama’s economy do over eight years?

<i>This article first appeared on the American Enterprise Institute site.</i><p><i>Workers at the Fiat Chrysler Automobiles US Warren Stamping Plant, January 22,</i> …

Unemployment

5 India Risks: Billions Disappeared In Demonetization? - Emerging Markets Daily

By Dimitra DeFotis<p>India may reveal the impact that demonetization could have on the Indian economy and the positive impact on the federal …

Wall Street

America's millennials stuck in their parents' basement may finally be able to move out

Economists are hinging a lot of their forecasts for the US economy on how many election promises President Donald Trump keeps.<p>Millennial household formation is one such trend, according to Matthew Pointon, a property economist at Capital Economics.<p>Last year, the share of young adults living with …

Business

Japan's PM says will keep seeking Trump's understanding on TPP

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday he believed U.S. President Donald Trump understood the value of free trade and that he would keep pitching a multinational trade pact that Trump's administration has vowed to exit.<p>"I believe President Trump understands the …

Japan

German inflation rate could reach two percent in January: Bundesbank

FRANKFURT (Reuters) - German inflation could hit 2 percent in January due to higher energy prices, the Bundesbank said on Monday, hitting the European Central Bank's elusive target for the first time in four years.<p>Germany's relatively quick inflation pick up has increased calls on the ECB to scale …

Interest Rates

Global markets turn back on euro as economic woes reinforce dollar as the currency of choice

Banks are using the euro less and less in international transactions, with financiers preferring to use dollars - indicating the euro's declining importance in the global economy.<p>Economists believe sustained political risk in the eurozone, fears that the currency area could fall apart, and the …

Business (UK)

Investment slump clouds growth prospects

Investment growth in emerging market and developing economies has tumbled from 10 percent in 2010 to 3.4 percent in 2015 and was below its long-term …

World Bank

Donald Trump to withdraw US from TPP deal and renegotiate Nafta agreement

Trump set to waste no time to apply his 'America first' policy by renegotiating important trade deals.<p>Donald Trump is poised to sign off the US …

Donald Trump

Myanmar’s foreign direct investment rush recedes

Myanmar’s economy looked like it was enjoying a brisk tailwind after progress in democratisation led the US to lift its sanctions last year, but the …

South-east Asia

Whiplash crackdown could cost 35,000 jobs, lawyers claim

The new crackdown on whiplash compensation could put thousands of jobs at risk, according to research commissioned by lawyers who argue the reforms will harm injured motorists as well as their industry.<p>Researchers at Capital Economics found that 44,200 people work on personal injury cases in legal, …

Money