While the physical world has been frozen in lockdowns, the digital world has been accelerated into our living rooms. Even in a tide of new financial assets, cryptocurrencies have become the most speculative. In the first four months of 2021 alone, Bitcoin has doubled in price, continuing to hear the praises of its early devotees and adding hedge fund titans like Paul Tudor Jones to … Continue reading Central Bank Digital Currencies
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. Business & Economics UK inflation rose sharply in August by 3.2%, over 1% higher than the Bank of England’s 2% target. This is the highest … Continue reading News Briefing – 20/9/21
The Keynes Society was honoured to host Dr Jianhai Lin virtually. Dr Lin joined the IMF in 1989 and, from March 2012 to August 2020, was the Secretary of the International Monetary Fund, its Board of Governors and the International Monetary and Financial Committee. He had previously served in senior positions in the IMF’s Finance, Policy Development and Review, and Asian and Pacific Departments, working … Continue reading Dr Jianhai Lin: “The Changing Global Economic Landscape: Challenges and Opportunities”
Behavioural economics has taken the world by storm, aided by catchy and digestible books and superstar researchers. One of the most prominent contemporary figures in the field is Daniel Ariely, the current James B. Duke Professor of psychology and behavioural economics at Duke University. He has authored multiple best-selling books on his research, most famously his ‘irrational trilogy’ of Predictably Irrational, The Upside of Irrationality, and The Honest … Continue reading Dan Ariely – Modern Behavioural Economics
The 1940s saw a changing world, one haunted by the spectre of the Great Depression, one ravaged by the ongoing World War, and one marked by a lack of economic consensus or structure. The solution to these problems which 44 nations agreed on was the 1944 Bretton Woods Agreement, a multilateral attempt to establish economic rules for the new world. The agreement was created with … Continue reading IMF’s Identity
During the Covid-19 crisis, South Korea has stood out as a nation that has responded strongly in spite of initially high infection rates. However, even before Covid-19, the peninsular economy had initiated a global expansion, riding the K-pop boom and creating brand value through Samsung and LG. Its high exports and steady growth led it to be called the “Germany of Asia” and hailed an … Continue reading South Korea’s Economic Growth
A city whose name is synonymous with skyscrapers, luxury apartments, and residential villas, Dubai’s economic success has greatly depended on its ability to attract a large number of foreign residents, who make up 85% of the population. These individuals are encouraged to buy or rent property in the city, feeding a market which makes up 13.6% of the emirate’s GDP. However, property prices have fallen between … Continue reading The Dubai Property Market
Since New Zealand’s adoption of an inflation targeting system to guide monetary policy in 1990, 25 other countries have followed suit. However, in the wake of the 2008 financial crisis, big-hitting economists such as Gregory Mankiw, Paul Krugman and Scott Sumner have proposed alternative methods, such as nominal GDP targeting and price-level targeting. The question the debate raises is two-fold: has inflation targeting brought prosperity, … Continue reading Inflation Targeting: A flawed idea?
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