Author: Tony Hua

Economics, Long Read

Disinflation and interest rates: Battling with the Zero Lower Bound

Introduction The “Lost Decades” of Japan has been cited by economists and policymakers as an allegory to warn against heedless reduction in interest rates in the face of a worsening economic climate. During this period of economic stagflation triggered by its 1990 stock market crash and thus suffering from immense debt, the country was in desperate need to recover the economy from rapid deflation. As … Continue reading Disinflation and interest rates: Battling with the Zero Lower Bound

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Economics, History

From Barter to Bills: The Evolution of Money

The word money emerged from the Latin ‘Moneta’, borrowed from the temple of Juno Moneta, the site of the then mint of Ancient Rome. It was Juno who constituted the Roman society’s paradigm of wealth. In this society where transactions were already conducted over monetary means, money was considered a true representation of its intrinsic value. That is, its worth was justified by the materials it was minted … Continue reading From Barter to Bills: The Evolution of Money

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Economics, UK

What strategies would be most effective for improving UK productivity? – JKP 2024

Productivity is defined as the amount of output produced per unit of input. The most commonly used notion is labour productivity which denotes output per working hour. It has been widely acknowledged that the UK has suffered from a productivity problem: a 0.3% decrease in GDP per hour compared to 2022 and a decrease of 24% from the forecasted trend pre-financial crisis, ranking the UK bottom of all … Continue reading What strategies would be most effective for improving UK productivity? – JKP 2024

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