How much do changes in oil prices and exchange rates affect inflation? Not much.
Tag Archives: Carl Weinberg
Productivity will not bail out Japan’s economy
What good are productivity gains when demand is doomed to shrink with the population?
China: Is 6.9% GDP growth fast enough?
China’s GDP growth picked up to 6.9% in 2017 from 6.7% in 2016. That is surely better, but is it good enough? And what does it mean for investors?
Growth is not a crime
Our bet is that the ECB will maintain accommodative monetary conditions into 2019 at least.
Preparing for Brexit: A DIY model of supply-side shocks
What smart economists learned in the 1970s will serve the BoE well when it responds to Brexit shocks.
When you can’t give money away…
Everything we know about economics suggests that everyone should want something if it does not cost anything. For most of us, however, that inclination is quick to pass, replaced by more pragmatic assessments.
What is a depression?
For us, the key distinction between a depression and a recession is that a recession is a cyclical contraction of the economy that is both self-correcting and repeating.
What is inflation?
The CPI rises every time there is inflation and falls when there is deflation, but every change in the CPI is not due to inflation or deflation.