Featured
- 1 day
Trending
1 IMF Chief Urges Caution: Central Banks Should Resist Early Rate Cuts Amid Inflation Concerns
Anas Bouargane2 Millions to Benefit From UK's New Flexible Working Bill
Daniel Hall3 UK House Prices Experience First Monthly Decline in Six Months
Anas Bouargane4 UK Wage Growth Expectations Hit 2 Year Low
Daniel Hall5 Gross Domestic Income Shows America Is In Stagnation
Daniel Lacalle
Search
Most Read
- 3 years
Climate Summit 2021: President Joe Biden Announces the United States Will Aim to Cut Carbon Emissions by as Much as 52% by 2030
- 6 years
Economics of World War I
- 5 years
"You Cannot Convict Your Opponent of Error; You Can Only Convince Him Of It"
- 4 months
“Academic” Freedom Has an Adjective in Front of the Noun
- 2 years
“Economics is the Social Science of Love”
- 4 months
“Spend Now, Deal with The Consequences Later” Is the Worst Policy
- 4 years
100 Million Traffic Stops: Evidence on Racial Discrimination
- 4 years
1957: When Machines that Think, Learn, and Create Arrived
- 6 months
2023’s Most Popular Bitcoin Alternatives
- 1 year
4 Ways to Keep Food Prices Low Amid Inflation & Cost of Living Crisis
- 10 months
5 Things The Government Can Do To Boost Innovation
- 6 years
8 Downside Risks to Indian Economy in 2018
- 3 years
A “Medicare Funding Warning” from the Trustees
- 6 years
A Bee Industry Update: Colony Collapse Disorder and Almond Pollination
- 4 years
A Bounce Is Not A Recovery
More in Global Economy
Prescription Drug Prices are Falling
"[W]e conclude that the Bureau of Labor Statistics’ (BLS) CPI Prescription Drug Index (CPI-Rx) is the best available summary measure of the price changes of prescription drugs. According to this measure, not only are drug prices increasing more slowly than general price inflation; in the most recent period, drug prices have been decreasing. From the peak in June 2018 through August 2019, the CPI-Rx has declined by 1.9 percent. Figure 1 plots the year-over-year percentage change in the CPI-Rx. Through August 2019, the year-over-year change in the index has now been negative for 8 of the previous 9 months."
- 3
Interview with Douglas Holtz-Eakin: Career, Budgets, Deficits
Mark A. Wynne of the Dallas Fed has one-hour interview: "Douglas Holtz-Eakin on Economic Projections, Deficits and Climate Change" (December 12, 2019). Holtz-Eakin has had an eminent academic career at Columbia and currently at Syracuse, but he is perhaps most widely for his time as head of the Congressional Budget Office from 2003-2005. Audio is available, but no full transcript. Here are some comments from Holtz-Eakin:
- 3
Carbon Capture and Storage
In my experience, carbon capture and storage (CCS) is often viewed as a quirky technological possibility, not of central significance to the overall issue of reducing the rise of atmospheric carbon. This perception is incorrect. The Global CCS Institute provides an overview in Global Status of CCS 2019. As the report notes:
- 6
Interview with Daron Acemoglu: Wellsprings of Growth
Tyler Cowen conducts one of his rich and illuminating "Conversations with Tyler" in "Daron Acemoglu on the Struggle Between State and Society" (Medium.com, December 4, 2019, both audio and transcript available). Here are a few tidbits from Acemoglu, but there's much more at the link:
- 6
Remembering Paul Volcker: 1927-2019
Paul Volcker, who was chair of the Federal Reserve from August 1979 to August 1987 has died. He is generally credited, or in some cases blamed, for the set of monetary policies which both ended the inflationary period of the 1970s but also brought on the very deep double-dip recessions of 1980 and 1981-2. The New York Times obituary is here.
- 6
Why Mississippi Deserves More Federal Aid, and Massachusetts Less
Imagine two school districts in a metropolitan area in the same state: one with higher incomes and property values, and the other with lower incomes and property values. Say that the schools are funded by local property taxes. Thus, if the same property tax rate applies to both school districts, children in the district with higher incomes and property values will have a lot more spent on their education than children in the district with lower incomes and property taxes.
- 3
The Next Wave of Debt Monetization Will Be A Disaster
According to the IMF (International Monetary Fund) and the IIF (Institute of International finance) global debt has soared to a new record high. The level of government debt around the world has ballooned since the financial crisis, reaching levels never seen before during peacetime. This has happened in the middle of an unprecedented monetary experiment that injected more than $20 trillion in the economy and lowered interest rates to the lowest levels seen in decades. The balance sheet of the major central banks rose to levels never seen before, with the Bank Of Japan at 100% of the country’s GDP, the ECB at 40% and the Federal Reserve at 20%.
- 4
Follow us
On social Media
Download our app
Download our app for iPhone and Android
BBN Times connects decision makers to you. Experts in their fields, worth listening to, are the ones who write our articles. We believe these are the real commentators of the future. We quickly and accurately deliver serious information around the world. BBN Times provides its readers human expertise to find trusted answers by providing a platform and a voice to anyone willing to know more about the latest trends. Stay tuned, the revolution has begun.