Fed Raises Interest Rates Again

Financial Times: Jay Powell refuses to rule out US recession after third 0.75 percentage point rate rise Article published: 21 September,  2022 IB Economics syllabus: Macroeconomics (contractionary monetary policy, inflation, economic growth, recession) High inflation - Central Bank responds Inflation in the US is still so high that their central bank (the Fed) has [...]

By |2022-09-30T09:48:40+00:00September 30th, 2022|Macro|Comments Off on Fed Raises Interest Rates Again

Fighting Against Sugary Drinks With Information

New York Post: NYC pol pushes to extend sugary-drink warnings at local chains Article published: 13 September,  2022 IB Economics syllabus: Microeconomics (market failure, negative consumption externality, demerit good) Provision of information This is a great article that shows taxes are not the only policy governments can use to limit the consumption of demerit [...]

By |2023-04-01T14:15:25+00:00September 21st, 2022|Micro|Comments Off on Fighting Against Sugary Drinks With Information

When Rising Unemployment Is Good News

CNN: Yes, the unemployment rate rose. Here's why that's good news Article published: 2 September,  2022 IB Economics syllabus: Macroeconomics (unemployment) Unemployment up in the US Even though unemployment rose in August from 3.5% to 3.7%, this is actually good news for the US economy. The reason is simple: unemployment below 4% in America [...]

By |2023-04-01T14:15:44+00:00September 12th, 2022|Macro|Comments Off on When Rising Unemployment Is Good News

Inflation Above 80% in Turkey

Reuters: Turkey's inflation hits new 24-year high beyond 80% Article published: 5 September,  2022 IB Economics syllabus: Macroeconomics (inflation, expansionary monetary policy) Inflation is insane in Turkey Last time I wrote about Turkey in January, I was reviewing an article which was about inflation climbing above 20% in the country. Even back then it [...]

By |2023-04-01T14:16:02+00:00September 8th, 2022|Macro|Comments Off on Inflation Above 80% in Turkey
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