Since the global financial crisis, central banks have resorted to monetary policy to pull their economies out of the abyss. But the time may have arrived for fiscal policy to share centre stage as the limitations of monetary policy become more apparent, and national decision-makers turn away from further fiscal-austerity measures toward stimulus.
Anemic economic growth in advanced economies has led central banks to prescribe loose monetary policy that has not produced the cure. The problem may lie more on the supply than demand side; digital innovation in industrial operations if properly implemented could lead to the transformative revolution that will boost productivity and revive economic performance.
Japan boasts the world’s third-largest economy, and yet it has been stalled by deflation, low wage growth and slowing GDP. Prime Minister Shinzo Abe’s three-arrow Abenomics policy, introduced four years ago, was meant to counter years of economic stagnation, but despite some success, it may be time to re-evaluate the plan.
The November elections are soon approaching for Americans, and it now looks increasingly like a two-horse race for the US presidency. Both Hillary Clinton and Donald Trump have emerged as clear contenders in the last few weeks, leaving their rivals by the wayside.
Just a few years ago, the idea of negative interest rates was considered by many to be no more than an academic curiosity. After all, why would anyone pay for the privilege of lending money?
The Chinese economy has undergone rapid growth over the past decades—with growth rates averaging 10 percent over the past 30 years—making it the fastest-growing major economy worldwide. Growth and the balance between domestic and foreign demand for Chinese goods and services
Government policies bearing fruit as Peru gears up for major foreign investment during the next two years
Peruvian Finance Minister, Luis Miguel Castilla, announced that over $45.59 billion of private investment
Three former heads of the Brazilian central bank, Gustavo Franco, Arminio Fraga and Henrique Meirelles have been critical of the economic policies of The current President Dilma Rousseff. At a conference in Rio the three bankers, who ran the central bank for 13 consecutive years between them, pulled no punches in their criticism of the current administration.