Conventional economic policies will not solve unemployment, writes Jørgen Randers, we should think about rationing paid work and introducing compulsory holidays
Will the rich world again see the high economic growth rates we got used to in the decades prior to the year 2000? An increasing number of macroeconomists seem to think that the answer is no. I agree: growth will remain low. Furthermore, conventional policies to enhance economic growth will be ineffective.
There was a lot of uncertainty and debate last summer and fall over whether President Obama would appoint Janet Yellen or Larry Summers as Federal Reserve chair. What wasn’t really up in the air was whether the new head of the world’s most powerful central bank would have a doctorate in economics.
Michael Steinhardt forged the model for making hedge fund billions before exiting the game. With WisdomTree, he’s back to upend Wall Street again–this time, with the little-guy investor at his side.
One reason for global market weakness is investors’ fears that emerging market economies may be heading for a broad crisis, sparked by higher U.S. interest rates and slowing growth in China.
Much of the analysis in the last few days has focused on why these nations are less exposed to a financial meltdown than during the Asian crisis of the late 1990s. A major reason is lower overall foreign debt exposures.
Europe is back. In 2013, the economies of the Continent picked themselves up off the mat, many buoyed by the continuing pledge that the European Central Bank and its president, Mario Draghi, would do “whatever it takes”
None of my tickers are showing much action today. Yen crosses are down modestly but nothing compared to the volatility we’ve seen over the past few days. The euro tried the upside a few times today and will close out the day with some small gains but tomorrow the ECB…
Press conference following the meeting of the Governing Council of the European Central Bank on 4 September 2014 at its premises in Frankfurt am Main, Germany, starting at 2:30 p.m. CET: Introductory statement by Mario Draghi, President of the ECB. Question and answer session. Registered journalists pose questions to Mario Draghi, President…
The Swiss National Bank's foreign exchange reserves inched higher in August, data showed on Friday. The SNB held 453.799 billion Swiss francs in foreign currency at the end of August, compared with 453.353 in July, revised from an originally reported 453.391 billion, preliminary data calculated according to the standards of…
Can you guess where most Chinese nationals are in Europe ? The answer is Italy. Who lives where in Europe? Nationalities across the continent mapped People of many different countries are now living in Europe, with the continent's residents coming everywhere from Jamaica to Tuvalu. Using data from 2011 censuses we have mapped…
The following article will appear in The New York Review’s November 20 issue. Europe is facing a challenge from Russia to its very existence. Neither the European leaders nor their citizens are fully aware of this challenge or know how best to deal with it. I attribute this mainly to…