Purchasing power parity theory

The fighting in Ukraine could turn into asymmetrical warfare, which would put Russian forces at a disadvantage. Russia’s blatant brutality against civilians in Ukraine was a strategic mistake that could eventually lead to an all-out insurgency. ©Getty Images × In a word Russia made crucial strategic mistakes during the invasion …

US stocks plunged as some lackluster retail earnings results show how damaging a high inflationary environment can be. Bonds found a safe haven, as did the JPY and CHF. The USD was also well supported. The NZD fell back towards 0.63, but the GBP was the worst performer following another …

Firefighters during the Hermits Peak & Calf Canyon fire in May 2022. Photo by Rickie Cooper, Security Fire Protection District, Colorado. An analysis of their salary and cost of living revealed that federal forest firefighters cannot afford to live in most western counties in the United States. The study was …

Illustration by Laurent Duvoux Text size About the authors: Marc Chandler is Chief Market Strategist for Bannockburn Global Forex, a division of First Financial Bank. Omkar Godbole is a freelance currency writer. The Japanese yen fell like a rock. The market became convinced that, arguably after a late start, the …

ECONOMYNEXT – A currency board for Sri Lanka would automatically lead the country to low deficits (a severe budget constraint) and stability, US economist Steve Hanke says as the island faces runaway inflation due to money printing. A currency board is a “fixed” or “credible peg” where the government or …

What are the common perceptions of “massive” monetary interventions? “Big push” interventions are generally proposed to generate significant and sustainable increases in household, community and national income (Banerjee et al. 2020; Kraay and McKenzie 2014). At the household level, two approaches to scaling up the intervention can––in theory––enable households to …

The financial crisis erupted in Greece in 2009. At that time, his name was associated with a number of regulatory reforms aimed at promoting investment and social entrepreneurship, as well as labor market reforms aimed at increase flexibility through the protection of collective agreements. In 2010, she was the architect …

Two recent publications have fueled the debate on democratic cooperation with autocratic governments in general, and Saudi Arabia in particular, following the war in Ukraine. It’s a debate that challenges US President Joe Biden’s definition of conflict as a struggle between good and evil, democracy and autocracy. The comments of …

Over the past few months, a growing number of market analysts have claimed that the strong dollar is poised for a reversal because it is overvalued. Their claim is based on an economic theory called purchasing power parity (PPP). PPP is based on the “Law of One Price”: the cost …

[3] See, for example, Yuen Ang (2021) on how China’s “common prosperity” doctrine reflects an uncertain attempt to tame the excesses of Chinese capitalism in “Can Xi End China’s Gilded Age?” », Project Syndicate, September 21, 2021, https://www.project-syndicate.org/commentary/xi-china-gilded-age-crackdown-on-corruption-by-yuen-yuen-ang-2021-09; and Rhodium Group (2021) on recent trends in anti-market policies in Daniel …

Where does the ultra-rich population of the world live today? The pandemic, geopolitical tensions and supply chain disruptions have thrown the world into disarray in recent years, but that hasn’t stopped the world’s ultra-wealthy population from growing at a rapid pace. New data from this year’s Wealth Report by Knight …

Ohen senior British officers visited Moscow in the days leading up to Russia’s invasion of Ukraine, Russian Chief of Staff Valery Gerasimov bragged that he commanded the second-largest army powerful in the world. A week into the conflict, however, the performance of the Russian army was dismal. The gap between …

Content of the article With all the talk of inflation and rising prices, especially in the food industry, it’s no wonder people feel like their dollar isn’t stretching as far as it used to – and they are right. Content of the article The question remains is it only here …

A financial crisis in Russia simply does not have the same effect on the United States as a financial crisis brewed in the United States. By Wolf Richter for WOLF STREET. Earlier in the day, the ruble tumbled nearly 30% to 117 rubles to buy $1 from around 83 rubles …

After months of seemingly endless preparations, Biden and the West’s worst fears were finally realized on Thursday after Russian forces launched their Dreaded attack on Ukraine. Sweeping away international condemnation and the first tranche of sanctions from the United States and its allies, Russian President Vladimir Putin declared the start …

5 minutes for 5 hours of reading Source: https://www.visualcapitalist.com/cp/big-mac-index-purchasing-power-parity-burger-inflation/ JThe Big Mac index is an informal way to measure purchasing power parity. It obviously has many limitations, but it is a useful figure as it seeks to make exchange rate theory a bit more digestible. And it’s also a fine …

The problem is that the alternative to a Fed response is, for the moment, not obvious. Attempts by the Biden administration to rein in price hikes — longer port hours, release of strategic oil reserves, calls for higher corporate prices — have mostly tinkered around the edges of the issue. …

The Economist has released its Big Mac Index for 2022, showing how the rand continues to be one of the most undervalued currencies in the world, relative to the US dollar. The Big Mac Index is an initiative created by The Economist that aims to measure whether currencies are valued …

The Big Mac index shows that the Russian ruble is undervalued by 70% The Economist Magazine has just published its annual report “Big Mac Indexin which it measures the strength of global currencies based on the benchmark price of a Big Mac burger in the United States. If the price …

The metaverse will use cryptocurrencies supported by the blockchain. I just wanted to put this sentence in normal font size in the middle of two pages, and the little red ‘d’ (endmark) that we use to signify the end of an article. I thought I was very creative and expected …

Tensions between the United States (as well as its allies, including neighboring Australia) and China are escalating to an alarming concern, although they are temporarily sidelined by the more public scuffle between the United States (and NATO) and Russia over Ukraine. The language of the conflict with China begins to …

In terms of investment returns, the stock market gave way to cryptocurrencies in 2021 in a very big way. The combined value of all cryptocurrencies soared 186% from $774 billion last January 1 to $2.22 trillion as of December 31. This crushed the return from the open sea S&P500 the …

MY DAILY XUEJING/CHINA The 50th anniversary of former US President Richard Nixon’s historic visit to Beijing in 1972 is an important occasion to reflect on the current situation of China-US bilateral relations. This visit had worldwide repercussions. It changed the course of the Cold War. This has contributed to the …

Amid supply chain issues and inflated shipping costs, global trade continued to grow last year, reaching around $28 trillion in 2021. 23% increase over the previous year. Which countries are the central nodes of the global trade network? Although China is currently the world’s largest trading partner, this has not …

Bitcoin luminaries like Peter McCormick, Justine Harper, Charlie Lee, Jimmy Song, and more have joined the New Year’s “Bitcoin Bottom Line.” Watch this episode on YouTube Listen to this episode: “Bitcoin Bottom Line” podcast host and Valkyrie CIO Steven McClurg met five special guests, all experts in the Bitcoin space, …

introductionEvery year, we track global prices for the latest iPhone, testing the theory of purchasing power parity (PPP). It stipulates that the prices of identical products must be the same in all countries when converted back into dollars. However, this is rarely the case. So how valid is the PPP …

Upon taking office, US President Joe Biden had the opportunity to organize a reset in international relations, constructively engaging with China and Russia to determine how to handle the new multipolar world. His administration did the opposite, apparently believing America to be still global hegemony. HONG KONG – Next year …

Steve Hanke, Economist and Former Advisor to the Regan Administration. Photo: Yahoo Finance Bitcoin (BTC-USD) has a price “but we don’t know its value, which is probably zero,” said senior economist Steve Hanke. Speaking to Yahoo Finance about the difficulty of deriving value for the world’s preeminent cryptocurrency, the former …

The $94 trillion global economy in a single graph See the expanded version of this infographic. Only four countries – the United States, China, Japan and Germany – represent more than half of world economic output by gross domestic product (GDP) in nominal terms. In fact, the GDP of the …

Steve Hanke, economist and former adviser to the Regan administration. Photo: Yahoo Finance Bitcoin (BTC-USD) has a price “but we don’t know its value, which is probably zero,” said senior economist Steve Hanke. Speaking to Yahoo Finance about the difficulty of deriving a value for the world’s preeminent cryptocurrency, the …

The growing financialization of East Asian economies has seen inequalities reach levels not seen in decades, inspiring dystopian visions such as Squid game and the Oscar-winning South Korean film Parasite. With the right steps, policymakers can begin to reverse this trend and ensure that the region’s economic future is brighter …

The reality captured by the Global Inequality Report 2022 reflects human choices, which means it can be changed by making other choices. This is why the report is not only a valuable compendium of useful data and analysis, but also a guide to action. NEW DELHI – The World inequality …

The Word Inequality Report 2022 shows that the richest own over 75% of the world’s wealth. The poorest have 2%. Over the past two decades, the income gap between the richest 10% and the poorest 50% has almost doubled. The income gap varies from country to country and generally depends …

Jason lalljee Dec 7 2021, 18:35 The financial gap between the rich and the poor remains large, according to the World Inequality Report 2022. Yulia Reznikov The Word Inequality Report 2022 shows that the richest own over 75% of the world’s wealth. The poorest have 2%. Over the past two …

Since 2000, China has entered a phase where it is globally building a moderately prosperous society that benefits more than a billion people. The objective of building this moderately prosperous society in all respects has three fundamental elements: first, elements of constantly increasing modernization; second, constantly increasing socialist elements; third, …

By Tafara Mtutu FINANCE and Economic Development Minister Mthuli Ncube alluded to a current account surplus of US $ 684 million in the third quarter of 2021, down 0.6 percent from the previous quarter, in the recent speech on the budget for 2022. Strong global commodity prices were noted as …

MANILA – AT The rise and fall of the great powers, historian Paul Kennedy argued that “there is [often] a notable “lag” between the trajectory of a state’s relative economic power and the trajectory of its military / territorial influence. “ Yet China has been a gigantic aberration to the …

View literacy rates around the world For many people around the world, the ability to read is an essential tool necessary for everyday life. Yet despite its importance, an estimated 773 million people around the world lack access to this basic, often life-saving skill. When it comes to literacy rates, …

Last month, I wrote about the rise of stablecoins – from the USDT, with a market cap of $ 70 billion, and from the USDC, with a market cap of $ 32 billion, to sponsored digital currencies. by the government – notably the Chinese digital renminbi and the Cambodian Bakong. …

The International Monetary Fund (IMF) publishes its World Economic Outlook (WEO) twice a year after its spring and fall meetings. It also provides mini-updates in January and July, for selected countries where the facts on the ground may have changed significantly. The latest edition of the WEO was released last …

China’s economic momentum is slowing. Official figures released last week show GDP growth in the last quarter stood at an annual rate of “only” 4.9%. This compares to an annualized GDP growth of 7.9% for the previous quarter. I say “just” because the last time the Australian economy grew this …

But the attempt failed. After China retaliated against European Union sanctions against four Chinese officials over human rights violations in Xinjiang, the deal was not ratified. In any case, the bloc is far from unified on what the economic and technological engagement with China should look like. For Germany, economically …

IN any Economics 101 course, students often come to understand that a modest level of inflation is good for the economy as a whole. A good level of inflation contributes to increased production, as more money translates into more spending, which directly affects aggregate demand. CLICK TO ENLARGE This stems …

China’s economic momentum is slowing. Official figures released this week show GDP growth in the last quarter stood at an annual rate of “only” 4.9%. This compares to an annualized GDP growth of 7.9% for the previous quarter. I say “just” because the last time the Australian economy grew so …

EDITORIAL: The 11% increase in the prices of POL products as of October 15 shocked a population already shocked by a 9% inflation in September with basic foodstuffs, especially wheat and sugar, witnessing price increases even at government-controlled electricity stores – outlets used by the government to expand subsidies to …

The official poverty rate in the United States was 11.4% in 2020, according to the US Census Bureau. According to World Bank measurements, poverty in America is higher than in parts of Asia, but much lower than in much of Africa. While there is no absolute method for determining poverty …

By fabricating a Constitutional Court ruling that effectively rejects the legal basis for EU membership, Poland’s ruling party may have finally bit more than it can chew. Unfortunately, whatever happens next, all Poles are likely to bear the costs of the government scam. WARSAW – After the collapse of the …

Trading for the new week started with mixed performance for stock markets, rising global rates, volatile energy markets and modest currency moves. There was more action in the New Zealand market, with rates rising after a huge print from the CPI, but resulting in only a modest gain for the …

The Big Mac Index is well known as an informal measure of countries’ economic standards and consumption capacities. But in fact, there is also the pickle index, the lipstick index and the ultimate indicator of everyday life – the regional index of food flavors. What do the saltier, bolder tasting …

Credit: PIXTA / CC0 public domain More than eight of the 13 Nobel Laureates this year are American citizens, expanding the historic trend in the power of American universities and the ability to attract the world’s best talent. American universities consistently dominate the “Global Top 100” rankings, with a mix …

(MENAFN- Asia Times) In his September phone conversation with US President Joe Biden, Chinese President Xi Jinping offered cooperation between their countries on climate change, the Covid-19 pandemic and economic recovery. Biden is expected to accept Xi’s offer, as it could be the answer to the President’s prayers. History will …

What is the Starbucks Index? The Starbucks Index refers to a purchasing power parity (PPP) measure that compares the cost of a large latte in local currency against the US dollar in 16 countries. The purpose of the Starbucks Index is to show the purchasing power of each national currency …

I am not talking about the violence that happens to people who are not black. Of course, due to the richness of the Anti-Darkness, it doesn’t just affect black people, it affects everyone in the world, even those who benefit from it. And, I always write specifically about black people …

1. Rosenzweig, C. et al. Responses to climate change benefit from a global food system approach. Nat. Food 1, 94-97 (2020). Google Scholar article 2. Parris, K. Sustainable management of water resources in agriculture (OECD, 2010). 3. Kanter, DR & Brownlie, WJ Joint management of nitrogen and phosphorus for sustainable …

Poverty has many roots, and it has many causes. but among these causes, war and arms sales are one of the greatest obstacles to development and poverty reduction. War and the arms trade may have fattened the pockets of some businesses and individuals, but millions of people have been plunged …

India, known as the Indian subcontinent for centuries, was a very rich region in terms of culture, economy and civilizations. For example, at the end of the 17th century, India’s share actually represented a quarter of the world economy. From history we see that Europeans came to this region to …

After Statistics South Africa (Stats SA) released updated estimates of gross domestic product (GDP) in South Africa, following a complete rebasing of the data, we now have a better understanding of where there is ‘South Africa in the richest countries of the world. . The richest countries in the world …

What is Interest Rate Parity (IRP)? Interest rate parity (IRP) is a theory that the interest rate differential between two countries is equal to the differential between the forward exchange rate and the spot exchange rate. Key points to remember Interest rate parity is the fundamental equation that governs the …

September 1, 2021 by Paul Kennedy This invitation-only commentary is one in a series of global thinkers on the future of American power, examining the forces shaping the country’s global position, from the rise of China to the withdrawal from Afghanistan. Read more here. The economist today Handpicked stories, in …

It tastes the same, the packaging is the same – but the different costs of a McDonald’s Big Mac may contain clues to a country’s economic health, and in Lebanon the diagnosis is not correct. If fast food is your drug of choice, Bliss Street in West Beirut lives up …

By Jérôme-Mario Utomi It is no longer news that across the world there is a persistent call to nations, regions and continents to move towards a more varied structure of national production and trade, as there is no This is not only a strategy to encourage positive economic growth and …

Bitcoin adoption in Afghanistan has increased as citizens seek stability in the face of cash shortages and rising prices following the Taliban takeover. Afghans have been using bitcoin to store and exchange value since the Taliban took control of most of the country. On August 15, hundreds of residents of …

The Covid-19 pandemic has ruthlessly exposed the deficiencies of the global food system, and a massive and growing food crisis is now looming. A quarter of humanity does not have secure access to food, with one in ten severely food insecure and up to 811 million hungry. Another quarter of …

Chainalysis found that bitcoin use has increased in developing countries as citizens seek to protect themselves from the currency’s depreciation. Global adoption of bitcoin and cryptocurrency has exploded in a year, up more than 880%, according to new data from Chainalysis. The company’s Global Crypto Adoption Index was released yesterday …

Chainalysis yesterday released the Global Crypto Adoption Index 2021, which saw Vietnam take first place Blockchain research and data platform Chainalysis yesterday announced the release of the 2021 Global Cryptocurrency Adoption Index as part of its series of geographic cryptocurrency reports. Chainalysis used three different metrics to create the index …

Using an exchange rate forecast can help brokers and businesses make informed decisions to minimize risk and maximize returns. There are many methods of forecasting exchange rates. Here, we’ll take a look at some of the more popular methods: purchasing power parity, relative economic strength, and econometric models. 3 ways …

IIt has not always been easy to discern from a Western perspective, but the rise of China and Asia has been the most important economic development of the past four decades. In 1979, many Chinese had an average income of less than a dollar a day. Today, Shenzhen, the technological …

What is the parity price? The parity price refers to a price level that fixes two assets or securities of equal value. It is a concept that is used in several markets, including fixed income, stocks, commodities and convertible bonds. For convertible bonds, the concept of parity price is used …

Outlook We wrote yesterday that Fed chief Powell is unlikely to say anything different, and it was the right move. We have to wait for a cutback announcement for at least one more meeting and probably two, and then the rollback implementation in the second, third, or fourth meeting that …

Contentious areas | Economy Chinese economic growth has been the dominant feature of international relations in the 21st century and will continue to shape world politics for the remainder of the century. Credits: Depositphotos Advertising When will China’s economy overtake that of the United States in aggregate terms? A recent …

The Economist updated its Big Mac Index, showing how the rand continues to be one of the most undervalued currencies in the world, against the US dollar. The Big Mac Index is an initiative created by The Economist that aims to measure whether currencies are valued at their “correct” level. …

Tokyo 2020 will be where India begins its journey to align its GDP story with its medal crop. (Photo for representation / iStock) By Vikram Kumar Limsay Every time I think of India at the Olympics, a recurring thought comes back to me. Is there a link between a country’s …

– EUR / USD target lowered from 1.1770 to 1.1705 at Credit Suisse– Inflation risks in the United States keep the USD in the spotlight and the EUR on the defensive– Others say the drop is limited before the late 2021/2022 rebound Image © European Union – European Parliament, reproduced …

(ktsimage / Getty Images) This will destroy the country’s competitive monetary regime and create a regulatory nightmare. Im 2001, El Salvador shelved its national currency, the colón, and put it in a museum. El Salvador’s current monetary regime is governed by the Monetary Integration Act. This law made the US …

TV advertising continued to grow in 2020, despite COVID, reaching Rs 35,015 crore. India’s entertainment and media industry is expected to reach Rs.412,656 crore by 2025 at a CAGR of 10.75%, according to PwC’s Global Entertainment & Media Outlook 2021-2025, annual analysis and forecast of consumer and advertiser E&M spending …

Dentsu’s Global Ad Spends Forecast ranks India as one of the top markets based on its year-over-year growth rate. Global Ad Spends Forecast from Dentsu, the leading advertising company, ranks India as one of the top markets based on its year-over-year growth rate. In India, advertising spending is expected to …

The e-commerce industry is expected to reach $ 188 billion in 2025, up from $ 64 billion last year, with consumers growing preference for buying in the digital market, according to a report by Ficci. The report “Gradual Transition from Trading to Confidence” was released on Wednesday. “Now consumers are …

The business as usual approach sabotages the marketing functions. The quest for customer engagement has left marketers with mountains of data, bloated piles of martechs, and clueless customers. With the trust, privacy, and choice now guiding buying decisions, marketers need to re-evaluate whether they are customer-centric. To win, serve, and …

US inflation is almost as hot as in Russia, but the Fed continues to explode it. By Wolf Richter for WOLF STREET. Consumer price inflation in Russia is skyrocketing, jumping 6.0% in May from a year ago, 2 percentage points above the Bank’s 4.0% target from Russia. Polls in Russia …

As India’s esports industry grows at a faster rate than the global esports industry, India is also stepping up the growth of its prize pool. (iStock image) The esports industry is expected to grow 46% CAGR to quadruple from Rs 2.5 billion in 2021 to Rs 11 billion by 2025. …

Even before COVID-19 hit, Australia was experiencing slow growth in per capita GDP and real wages. The rate of economic growth and real wages have been significantly lower since the 2008-09 financial crisis. Advanced economies around the world have, to varying degrees, experienced the same trends. On the contrary, Australia …

Dr Santosh Kumar Mohapatra * India lags behind many countries in the world in many international indicators, although its rulers claim to be a superpower. It is known as a consumer rather than a producer country. Many multinational companies come to India because labor is cheap and taxes are low …

Even before COVID-19 hit, Australia was experiencing slow growth in per capita GDP and real wages. The rate of economic growth and real wages have been significantly lower since the 2008-09 financial crisis. Advanced economies around the world have, to varying degrees, experienced the same trends. On the contrary, Australia …

While the lockdowns induced by COVID-19 have negatively impacted the economy and traditional segments of the M&E industry, online games as a segment have gained a head start in terms of consumption and monetization. This is clear from the fact that India recorded the highest number of game downloads in …

After emerging poor and devastated from its struggle for independence 50 years ago, Bangladesh has succeeded in becoming a global model of economic development. While the country’s success is the result of many factors, two distinguishing features of its political economy stand out. NEW DELHI – Periodically ravaged by natural …

On these maps, each hexagon represents one thousandth of the world economy. This makes it easier to compare the GDP of regions and nations around the world. There are versions for nominal GDP and GDP adjusted for purchasing power. Shanghai skyline at night. According to the GDP (PPP) map, China …

The phrase “Nothing can be said certain except death and taxes” is attributed to Benjamin Franklin and is widely accepted as true around the world. But in Pakistan, the term taxes can be excluded and replaced by inflation (mehangai in Urdu). Since independence, inflation to varying degrees has been a …

June 3, 2021 Listen to this story Your browser does not support the item . Enjoy more audio and podcasts on ios Where Android. In its latest perspectives, the OECD foresee that the Mondial economy will rise 5.8% this year, a sharp upward revision from its previous estimate. The successful …

A recent United Nations report found that the vast majority of the world’s people live in a country with worsening income inequality – the wealthiest residents have a growing share of total wealth, while the poorest residents had lower wealth gains or none at all. Inequality is not just a …

What is the hedged interest rate parity? The hedged interest rate parity refers to a theoretical condition in which the relationship between the interest rates and the spot and forward currency values ​​of two countries is in equilibrium. The parity situation of the hedged interest rates means that there is …

This article is part of the IFF China 2021 Report Globalization is in transition – but there are at least two recent moments in history that we can draw parallels with. After the fall of the Berlin Wall in 1989 and the dismantling of the Soviet Union in 1991, the …

Bloomberg Meme Stocks, SPAC bounce: ‘Reddit raiders are at it again’ (Bloomberg) – Investors are rediscovering their appetite for speculative fringes of the market. and AMC Entertainment Holdings Inc. – the poster children of this year’s Reddit boom – are booming. Interest in special purpose acquisition companies has resumed with …

The Senate Budget Committee held a hearing on “Waste, Fraud, Cost Overruns and Auditing at the Pentagon” on May 12. By the headline, you might think the conclusion of the hearing was predetermined: The Department of Defense is the biggest example of fraud and mismanagement in the federal government. You …

(Center Square) The purchasing power of the dollar in Iowa is $ 1.11 based on the regional cost of items such as housing, groceries and utilities in 2019, according to a new analysis of the 24/7 Wall St. Goods and services in states where household incomes are below the U.S. …

TipRanks Billionaire Israel Englander Bets On These 2 Penny Stocks Let’s talk about the risk, the reward and the pennies. The three are linked, of course. There is no reward in the stock market without taking some risk – and penny stocks offer investors the optimal combination of the two. …

Economic reports on China focus far too much on total GDP and not enough on GDP per capita, which is the most telling indicator. This biased coverage has important implications, as the two indicators paint a very different picture of China’s economic and political situation. They also focus attention on …

What is Unhedged Interest Rate Parity (UIP)? The Unhedged Interest Rate Parity (UIP) theory states that the difference in interest rates between two countries will be equal to the relative change in currency exchange rates during the same period. This is a form of interest rate parity (IRP) used alongside …

Illustration by Paresh nath at Cartoons Cagle. For Ashish Yechury (1986-2021), journalist. It’s hard to overstate the hold COVID-19 has over India. WhatsApp is full of messages about this or that friend and family member sick with the virus, while angry messages about how the central government has completely failed …

– Against Punch / Gwydion M Williams For Ashish Yechury (1986-2021), journalist. IT IS hard to overstate the hold of COVID-19 on India. WhatsApp bristles with messages about this or that friend and family member with the virus, while there are angry messages about how the central government has completely …

A COVID-19 patient receives oxygen in a car provided by a Gurdwara, a Sikh place of worship, in New Delhi, India on Saturday April 24, 2021. The oxygen shortage in India has become so severe that it gurdwara began offering free breathing sessions with shared tanks with patients waiting for …

IT IS now widely accepted that the United States is in a great power competition with China, and that its allies and partners are essential in this struggle. President Joe Biden presented himself on a platform emphasizing their basic importance, and his administration is committed to upholding the Trump administration’s …

Vaccination programs have sparked optimism and encouraged a revision of global growth projections for 2021 and beyond. Last week, the International Monetary Fund (IMF) released its semiannual flagship report, World Economic Outlook (WEO), which is typically announced at traditional IMF powwows – annual meetings with the World Bank, in the …

Nobel laureate in economics Robert Mundell in an interview with Reuters in Valencia, Spain, in 2008. (Heino Kalis / Reuters) Mundell has left an indelible mark in the field of international economics. Robert Mundell – The Nobel-winning Canadian-American economist, father of the euro and one of the most influential academic …

If the homeownership component of the CPI mirrors the Case-Shiller Home Price Index, the CPI would go up 5.1%! Not to mention the prices of new and used vehicles, which I’m talking about nonetheless. By Wolf Richter for WOLF STREET. The Consumer Price Index jumped 0.6% in March from February, …

The United States “is no longer qualified to speak to us from a position of strength”, sung the imperious senior diplomat of the People’s Republic of China, to US Secretary of State Antony Blinken at a particularly frigid meeting in Anchorage, Alaska. To the credit of Joe Biden’s administration, it …

What is the International Fisher Effect? The International Fisher Effect (IFE) is an economic theory according to which the expected disparity between the exchange rate of two currencies is approximately equal to the difference between the nominal interest rates of their countries. Key points to remember The International Fisher Effect …

President Recep Tayyip Erdogan should abandon his adherence to the principles of Islamic finance and work to reform Turkey’s current exchange rate system, Johns Hopkins University professor Dr Steve H. Hanke wrote in an article by opinion in The National Review. Last Friday, Erdogan sacked Central Bank of Turkey (TCB) …

Turkish President Tayyip Erdogan addresses members of parliament from his ruling AKP (AKP) party during a meeting at the Turkish parliament in Ankara, Turkey, Oct. 16, 2018. (Umit Bektas / Reuters) Turkish President Tayyip Recep Erdogan has done it again. Last Friday, he ousted the governor of the Central Bank …

On March 22, Professor Steve H. Hanke, one of the world’s top economists and professor of applied economics at Johns Hopkins University, published an analysis on the current financial and economic obstacles affecting Turkey. In the continuity is the analysis initially published in the National Review Magazine (section Capital Matters), …

The year that has ended has been a horrible year for many currencies. The global star, the US dollar, has lost value against many currencies, especially after the murky presidential elections. However, she was not the only one to suffer the effects of the economic crisis caused by the pandemic. …

Trying to preserve a veneer of democratic legitimacy, the Chinese government passes each year in March through the political theater of a meeting of its approved Congress. As part of the process, Beijing is releasing the figure that will be spent on its military for the year. China’s fiscal year …

What is purchasing power? Purchasing power is the value of a currency expressed in terms of the number of goods or services that a unit of currency can buy. Purchasing power is important because, all things being equal, inflation decreases the number of goods or services you could buy. In …

McDonald’s workers in Denmark and the costs of the country’s Big Macs have once again been brought into the debate over whether the United States should more than double the minimum wage to $ 15 an hour. New York MP Alexandria Ocasio-Cortez, who has long advocated for wage hikes, condemned …

USD The US dollar or USD has depreciated 10% over the past year. Right now, US retail sales data has beaten high estimates. The initial reaction saw the USD expand gains across the board to hit new session highs with US yields rising as well. Going forward, this will undoubtedly …

Singapore should never reveal the full extent of its national financial reserves, said Mr. Saktiandi Supaat (Bishan-Toa Payoh GRC). “Making known the data of our reserves amounts to revealing the size of our ammunition to hedge funds and speculators who have large pools of funds with which to play,” he …

SINGAPORE – Singapore should never reveal the full extent of its national financial reserves, said Mr. Saktiandi Supaat (Bishan-Toa Payoh GRC). “Making known the data of our reserves is like revealing the size of our ammunition, to hedge funds and speculators with large pools of funds with which to play,” …

Inot in the first month of 2021, Turkey and Libya ditched Hanke’s inflation dashboard. Now the dashboard contains a dozen countries which, by my measure, have annual inflation rates of 25% per year or more. The inflation rates shown on the dashboard below are measurements I make every day using …

The face of South American independence leader Simon Bolivar on a Bolivar banknote banner displayed at the Venezuelan Central Bank building in Caracas in 2018. (Marco Bello / Reuters) Contrary to popular belief, currency devaluation does not make a country more competitive internationally. Inot in the first month of 2021, …

Democrats in Congress are pushing to more than double the US federal minimum wage by $ 7.25 through gradual increases, raising it to $ 15 an hour by 2025. Efforts to include the plan in back-up legislation coronaviruses have stalled, with President Biden saying on Friday he did not expect …

When America seeks to resolve a crisis or achieve preeminence, it turns to science. This is true whether the problem is economy, climate change, national security or even a pandemic. And yet, today, Americans spend more on potato chips than on energy research. For President Biden and the new Congress, …