Economics and politics - comment and analysis

IRA or why Germany must learn to understand international trade

The biggest threat Germany and Europe have identified overseas goes by the name of IRA (Inflation Reduction Act) and is the pride and joy of the Biden administration. It is by no means only about reducing inflation, first and foremost it is about reducing the dependence of the US on foreign imports. …

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The ECB’s interest rate hike is a grandiose mistake

5. February 2023 I Economic Policy, Europe, Forecasts

The ECB’s decision on 2 February to raise interest rates again by 0.5 percentage points and to announce an equally large increase for March will go down in history as a grand misjudgement. Although it is already foreseeable that the price development in Germany and Europe will quickly approach normal values in the course of this year, …

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