Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
Cost of borrowing will probably stay elevated for foreseeable future, making it harder for governments to service debts.
August 2023, Video: "Former US Treasury Secretary Lawrence Summers says he doesn't see the "current level of longer-term rates as…
August 17, 2023, Interview: ""Ironically, they did this with advice from Hong Kong real estate tycoons and other overseas Chinese…
2023, Book: "Introduces a novel conceptualization of state-business relations in authoritarian regimes, Compares China under the Chinese…
August 17, 2023, Opinion: "While some economists may argue that secular stagnation is to blame for China’s economic slowdown, concerns…
August 16, 2023, Video: "Jason Furman, former CEA chairman under President Obama and Harvard Kennedy School economics professor, joins '…
We discuss the considerable literature that has developed in recent years providing rigorous evidence on how industrial policies work. This…
August 14, 2023, Opinion: "However one does the analysis, the result is the same: the decline in inflation over the past year was largely…
August 14, 2023, Video: "This panel will focus on the dynamics of Singapore’s continued economic transition. In the first 50 years of…