Tag: Macroeconomics
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A case of failed politics
Last week, the Biden administration announced a wave of trade barriers aimed at Chinese manufacturers. The real casualty will be the climate.
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Visual guide to the euro area economy
The following data is sourced from either the statistical office of the European Union (Eurostat) or the ECB. The graphs and most of the text were originally created by the author for another work. A picture is worth a thousand words Finding the time to read the latest economic reports and analyses can be a…
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Why central banks are so reluctant to cut rates
Should tight financing conditions that are thwarting economic growth be lifted? As inflation keeps plummeting, cutting rates is a question of «when», not «if».
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Near-zero rates not doing the trick? Try negative interest rates
Whilst most central banks in the world are flirting with cutting interest rates, last week the Bank of Japan (BoJ) raised rates for the first time in 17 years – leaving its negative interest rate policy behind.
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Taiwan’s election is a tale of balance of (economic) power
Taiwan’s election results are in – Xi Jinping will not be happy. Late last evening in Taipei, Lai Ching-te emerged victorious in Taiwan’s high-profile elections (Jan 13th, 2023). The Democratic Progressive Party (DPP) led by first-time president Mr. Lai will remain in power, having won 40% of the vote. The DPP is seen as a…
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The rockstar president who is rocking Argentina’s economy
A deep-dive into the underlying economic conditions in Argentina. Last month, the Argentine primaries elected far-right free-market anarchist Javier Milei as the country’s president. With a majority of over 55% of the votes, the former economist captivated the hearts of millions through his unorthodox demeanor and rhetoric. His promise? Fixing Argentina’s economy. Argentina: an economic…
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The labour market: Europe’s greatest inflationary pressure of 2024?
With the unemployment and job vacancy rate achieving record figures of a low 6.5% and high 2.9% respectively, Europe’s producers are feeling the pinch of growing unit labour costs. Post pandemic job recovery has been strong, with expansionary government initiatives supporting economic growth; expansion and overheating that resulted in soaring inflation last year. The subsequent…
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Frankfurt’s verdict – the Eurosystem’s economic outlook
It’s that exciting time again – the ECB’s main decision-making body, its Governing Council, has set the key interest rates in the euro area. The European Central Bank’s president, Christine Lagarde, announced in a press release last week the Governing Council’s latest outlook for monetary conditions within the Eurosystem, strongly stating the direction of monetary…
