South Korean Central Bank Raises Interest Rates for the First Time in Three Years

Reuters: S.Korea lifts interest rates from record low as debt threats grow Article published: 26 Aug,  2021 IB Economics syllabus: Macroeconomics (contractionary monetary policy) As inflation is picking up and economic growth recovered after the pandemic, much due to increased export revenues, the Central Bank of South Korea is afraid its economy will overheat. [...]

By |2021-09-08T12:55:24+00:00September 15th, 2021|Macro|Comments Off on South Korean Central Bank Raises Interest Rates for the First Time in Three Years

US Inflation Forecast Doubled by White House

The Wall Street Journal: White House More Than Doubles Its Inflation Forecast in New Update Article published: 27 Aug,  2021 IB Economics syllabus: Macroeconomics (inflation, monetary policy) Inflation is reaching its highest levels in over 10 years in the United States. As a result, the government (White House) has increased its consumer price index [...]

By |2021-09-08T11:46:16+00:00September 10th, 2021|Macro|Comments Off on US Inflation Forecast Doubled by White House

President Biden’s $1.9 trillion stimulus package

CNBC: Biden signs $1.9 trillion Covid relief bill, clearing way for stimulus checks, vaccine aid Article published: March 11,  2021 IB Economics syllabus: Macroeconomics (Expnasionary fiscal policy, multiplier) Biden's Covid relief bill is mostly made up of transfer payments ($1400 in direct payments to most Americans, $300 per week unemployment benefits). Transfer payments themselves [...]

By |2021-09-01T19:32:57+00:00March 16th, 2021|Macro|Comments Off on President Biden’s $1.9 trillion stimulus package
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