More in Global Economy


4 months

Analyzing US Wealth Patterns

When I first started paying attention to national-level economic statistics in the late 1970s and early 1980s, it was commonly taught that the ratio of national wealth to GDP was more-or-less a constant over time.

4 months

The ECB’s Latest Big Mistake

One of the great mistakes among economists is to receive the measures of central banks as if it was the revealed truth.

4 months

Prime-Age Males Not in the Labor Force: Some Patterns

Being "in the labor force," in the economics jargon, refers either to having a job or being unemployed and looking for work.

4 months

China's Belt and Road Initiative Collides with Pandemic Realities

One of China's signature economic and foreign policy initiatives in the last few years has been the Belt and Road Initiative.

4 months

Recessions and Energy Efficiency

At least to me, it's not immediately obvious how a recession might affect energy efficiency--which can be defined as the amount of energy needed to produce a given amount of output.

4 months

Expensive Markets Are More Dangerous Than You Think

According to JP Morgan, equity markets have not been this expensive so early into an economic recovery phase in the last twenty years.

4 months

Why Some of the Shift to Telecommuting Will Stick

It seems to me that the tone of the discussion surrounding the pandemic-induced shift telecommuting has been changing.