Economics and politics - comment and analysis

Inflation: When will we ever understand?

If you want to understand why we have such a hard time explaining economic processes adequately, you have to look at the discussion on inflation these days. It seems as if we have to puzzle over and over again what the causes of inflationary processes are and decide again and again under high uncertainty whether we are currently dealing with a dangerous or a relatively harmless change in prices. …

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Who’s afraid of China?

Cross-posted from Brussels Morning (https://brusselsmorning.com)
 
Sinophobia is a widespread political disease. Beyond China, industrialised countries are also pursuing an unjustifiably confrontational course towards other developing countries.
Reading the press in industrialised countries attentively and listening to their politicians, the impression of an aggressively adversarial West-North global divide is unavoidable. …

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Public Investment: why America’s “more” is better than Europe’s “too little”

Cross-posted from Brussels Morning (https://brusselsmorning.com)
The US is deploying approximately 25% of its GDP to bolster the economy in comparison to a more timid approach from Europe, the former will likely prove better for labour market recovery.
There is now hope that the global economic situation will rebound as the pace of vaccination picks up. …

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