CAMBRIDGE – In just one year, inflation in the United States has fallen from a peak of about 9 per cent to just 3 per cent. Standard economic models suggest that such rapid disinflation would be possible only with a large increase in...
CAMBRIDGE : Following an immediate and brutal reaction from financial markets, UK Prime Minister Liz Truss has, fortunately, abandoned her government’s proposal to lower the tax rate paid by the country’s highest earners. Nonetheless,...
CAMBRIDGE: Some analysts predict that the US economy is heading into a recession. But if that is indeed the case, someone forgot to tell consumers. Although consumer confidence plummeted in August 2021 and has been falling ever since, putting it in...
