More in Global Economy


3 years

Lessons from World War II Statisticians: Survivorship Bias and Sequential Analysis

During World War II, a Statistical Research Group was formed to assist the war effort.

3 years

Joseph Schumpeter: "Capitalism Stands Its Trial before Judges Who Have the Sentence of Death in their Pockets"

In my experience, relatively few of those who pretend to adjudicate between capitalism and socialism are interested weighing the evidence: instead, most of these discussions quickly turn into denunciations of the flaws of capitalism, apparently with the assumption that any un-capitalism would inevitably be an improvement.

3 years

US Stocks in 2020 and the Prospects for 2021

· 2020 has been a torrid year for stock markets globally · Fiscal and monetary stimulus rescued investors from a brutal bear-market · Digital transformation has accelerated and fortunes of the technology sector with it · With mass-vaccination still some way off, 2021 will see many trends continue

3 years

Covid-19 Crisis: More Debt and Less Growth in 2021

I remember that in 2009 three messages were constantly repeated: “In this crisis measures are different, because governments are investing in the recovery by increasing public spending,” “the funds from stimulus plans will strengthen the recovery “and “central banks help a stronger recovery by lowering rates and increasing liquidity”.

3 years

What Should Be Included in Income Inequality?

Like many other concepts in economics, "income" is an idea that is only simple if you don't think about it too much.

3 years

Why Are Mainstream Economic Forecasts So Often Wrong?

Every end of the year, by the end of the year, we receive numerous estimates of global GDP growth and inflation for the following year.

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