Economics & Global Affairs

1028 Items

 In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong.

AP Photo/Kin Cheung, File

Analysis & Opinions - Belfer Center for Science and International Affairs

The Financial Implications of Deploying Sanctions in Hong Kong

| Aug. 19, 2019

If a symbolic denouncement is indeed the goal, Magnitsky sanctions are likely the right tool, as they would send a powerful message of solidarity with protestors to both the Hong Kong and mainland authorities. 

President Donald J. Trump and UK Prime Minister Boris Johnson at the United Nations General Assembly

Official White House Photo by D. Myles Cullen

Analysis & Opinions - The Hill

What Boris means for US-UK relations

| 07/31/22019

The combination of Donald Trump and Boris Johnson, both of whom came from privileged backgrounds and rode populist waves into office, has heightened expectations of renewed alignment between America and Britain. Their personal chemistry, shared antipathy toward the European Union and desire for a trade deal will improve bilateral ties in the near term. There will be a honeymoon period, including their first meeting next month at the G7 summit in France. Yet there will also be friction as Johnson seeks to balance domestic and foreign policy interests.

Blog Post - Views on the Economy and the World

Let’s Forget about 2% Inflation

| July 29, 2019

The Fed has some reasons for cutting interest rates at its meeting July 31, or subsequently if the US economy weakens. (And there are some good arguments on the other side as well, if growth remains as strong as it has been over the last year.)  But I find less persuasive one argument for easing: a perceived imperative to get inflation up to 2.0% or higher.

Federal Reserve Chairman Ben Bernanke set a 2% target for the US inflation rate in January 2012.  Some other countries had already done the same.  Japan followed suit a year later. Indeed Shinzo Abe’s successful accession to prime minister in late 2012 was predicated on the promise that monetary policy would raise inflation (Japan having previously suffered from negative inflation).

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Analysis & Opinions - Globe and Mail

Central banks should forget about achieving 2 per cent inflation

| July 28, 2019

The United States Federal Reserve has some reasons to cut interest rates at its July 31 meeting, or subsequently if the U.S. economy weakens. (There is also a case for holding rates steady, if growth remains as strong as it has been over the past year.) But one argument for easing is less persuasive: a perceived imperative to get U.S. inflation up to or above 2 per cent.

Massachusetts senator Elizabeth Warren on a campaign stop

AP Photo/Charles Krupa

Analysis & Opinions - The Washington Post

Be Very Skeptical About How Much Revenue Elizabeth Warren’s Wealth Tax Could Generate

| June 28, 2019

Sen. Elizabeth Warren (D-Mass.) has made her proposed 2 percent wealth tax on those worth more than $50 million a central part of her presidential campaign. Emmanuel Saez and Gabriel Zucman, two economists at the University of California at Berkeley, who helped developed the proposal, estimated that it it would rake in $187 billion a year.