Page 3 - Barry Eichengreen News Today

Since the GFC, economists have suggested that using debt to finance government spending is a free lunch. But the tide has turned in the past two years.

Kenneth Rogoff welcomes economists' recent reassessment of the costs and benefits of public borrowing

Until recently, any suggestion of fiscal prudence was quickly dismissed as “austerity” by economists on the left. But with higher interest rates fast becoming the new normal, the idea that any economic problem can be solved with more government borrowing has become untenable

(Bloomberg) -- The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay.Most Read from BloombergTikTok to Remove Executive Tasked With Fending Off US ClaimsElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke P...

The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay. Having entered the year predicting the greenback would decline, investors have been forced into a rethink by a red-hot US economy and sticky inflation requiring the…

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Barry Eichengreen sees several reasons why countries like Côte d'Ivoire and Benin have been able to tap international investors.

FLORENCE — It has become fashionable of late to compare US President Joe Biden in 2023 to Jimmy Carter in 1979. Just as the events of 1979 doomed Carter’s relection hopes the following year, developments in 2023 are said to have effectively sunk Biden’s bid for a second term in November.

FLORENCE — It has become fashionable of late to compare US President Joe Biden in 2023 to Jimmy Carter in 1979. Just as the events of 1979 doomed Carter’s relection hopes the following year, developments in 2023 are said to have effectively sunk Biden’s bid for a second term in November.

Our GeoEconomics Center experts take you inside the numbers that mattered—including many you may have missed—in 2023.