Page 6 - Robert Barro News Today

All over the world, people expect policies by central bankers trained in economics to have a sound scientific base. But in fact, inflation targeting is an article of faith with neither theoretical nor

Has it truly escaped the middle-income trap? | Finance & economics

Harvard Professor Robert Barro is Paul M. Warburg Professor of Economics at Harvard. He is a prominent member of the economics profession. AEI has posted his December 4 Project Syndicate column Big-state inflation. In the column he addresses the attribution of responsibility for our current inflation to supply chain issues. Professor Barro does not entirely discount the contribution of these issues as a contributing factor. Focusing on the contribution of

The misery index uses simple factors such as inflation and unemployment rates to explain a country's happiness levels.

While the misery index’s power and popularity come from its simplicity, that also opens it up to criticism. Justin Paget/Getty The misery index is a

For China's economy to continue to grow rapidly it will need to invest further its human capital, and ensure there is a stable legal regime.

Monetary Policy Is Not Expansionary Monetary policy is not expansionary despite widespread belief otherwise. Please share this article - Go to very top of page, right hand side, for social media buttons. The general assumption by the Federal Reserve is that by providing excess reserves to the banking system, the banks would then lend to businesses and individuals to expand economic activity. Furthermore, as discussed previously, the Federal Reserve’s entire premise of inflating asset prices ...

The scale and scope of government spending expansion in the last year are unprecedented.

By Lars P. SyllAccording to the Ricardian equivalence hypothesis the public sector basically finances its expenditures through taxes or by issuing bonds, and bonds must sooner or later be repaid by raising taxes in the future.

Legendary investor Jeremy Grantham said, “Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.” President Biden is doing his best to bring that forecast about. President Trump was no fiscal conservative, but Biden is making him look like a piker. Biden’s stimulus package, infrastructure proposal, and proposed budget total about $6 trillion. That is problematic. What follows are broad concepts that may be seemingly unrelat...