Chapters 1 and 2 of the IMF World Economic Outlook were released today.
Category Archives: international
Update on the UK Recovery
From the The Courier, “Osborne defends austerity measures”:
George Osborne, who has announced plans for a further £3.2 billion squeeze on welfare bill which will hit 10 million of the unemployed and working poor, warned they would be among the ones who would “suffer the most” if there was another crisis.
IMF World Economic Outlook: “Are Global Imbalances at a Turning Point?”
From Chapter 4 of the IMF’s World Economic Outlook, released today:
Optimal Currency Area Theory and Scottish Independence
Ronald MacDonald (Glasgow) concludes that a currency union will not work for Scotland. From The Guardian:
Other perspectives on the new bond market conundrum
The ECB Does QE/CE
From Simon Kennedy in “Draghi Sees Almost $1 Trillion Stimulus With No QE Fight” (Bloomberg):
Mario Draghi signaled at least 700 billion euros ($906 billion) of fresh aid for his moribund economy and left a fight with Germany over sovereign-bond purchases for another day.
“U.K. Wants EU to Block Russia From SWIFT Banking Network”
From Bloomberg::
The U.K. will press European Union leaders to consider blocking Russian access to the SWIFT banking transaction system under an expansion of sanctions over the conflict in Ukraine, a British government official said.
Russian Forces in Ukraine
Edit/update 8/30:
T72BM (only known to be in service in the Russian army) in Ukraine, 8/26. Source: IISS
Guest Contribution: “The Cause of Secular Stagnation? Relative Prices, Trade, and the People’s Republic of China”
Today we are fortunate to have a guest contribution written by Doug Campbell, assistant professor at the New Economic School (Moscow).
Chinn-Ito Financial Openness Index Updated to 2012
The Chinn-Ito index revised and updated to 2012 is now available here.