News Briefing – 27/9/21
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 China’s central bank has banned all cryptocurrency transactions. This move was taken on the grounds that virtual transactions often fund illegal activities … Continue reading News Briefing – 27/9/21
News Briefing – 20/9/21
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
Dr Jianhai Lin: “The Changing Global Economic Landscape: Challenges and Opportunities”
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”
What are the implications of becoming a cashless society?
In a world where virtual transactions are becoming increasingly commonplace, there is ever increasing speculation that we are becoming a cashless society. The term cashless society has come to refer to an economy in which physical money is no longer used for transactions; instead, all payments and financial dealings are conducted electronically through, for example, bank cards and online accounts. Many economies across the world … Continue reading What are the implications of becoming a cashless society?
The Data Revolution: The Rise of a New Economy
The rapid increase in global data production that is currently taking the world by storm is by no means a recent phenomenon. Indeed, ever since the very earliest stages of mankind’s existence, data in some form has been the metric used to evaluate almost everything, from decisions regarding the implementation of new technologies to deciding on the most suitable design for a product. It is … Continue reading The Data Revolution: The Rise of a New Economy
Does Government Spending Benefit the Economy?
‘Spend as much as you can’, urged the IMF at the start of 2021 in order to accelerate the global economy’s revival. Others argue that the economy should be left to its own devices – government intervention only creates havoc. Governments spend in a plethora of ways, but we must examine the effects of government spending, originally intended to directly benefit the economy. On the … Continue reading Does Government Spending Benefit the Economy?
Dan Ariely – Modern Behavioural Economics
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
Chart of the Month – September 2021
This month’s Chart of the Month shows the real (inflation-adjusted) monthly value of UK fish and shellfish exports, bound for EU destinations. It reflects the short-term and potential long-term impacts of Brexit on UK businesses. Over the last twenty years, fish exports to the EU have remained relatively stable. The spike in August 2003 is unexplained, although it may have been caused by an unexpected … Continue reading Chart of the Month – September 2021
Chart of the Month – August 2021
August’s Chart of the Month shows the proportion of English students in state-funded and independent schools who achieved A*-As, from 2014 to 2021. It highlights the pandemic’s impacts on education in the UK. In March 2020, the government cancelled public exams. Students instead received a centre assessed grade, based on what they most likely would have achieved. Grade inflation would be mitigated by statistical methodologies … Continue reading Chart of the Month – August 2021
Sir Tim Besley: “State Capacity and Economic Development”
The Keynes Society was delighted to virtually host Professor Sir Timothy Besley, a world-renowned economist in the field of development economics and development policy foundations. Professor Sir Besley is a professor of development economics at the London School of Economics and a fellow of All Souls College Oxford, having served on the Monetary Policy Committee of the Bank of England and as President of the … Continue reading Sir Tim Besley: “State Capacity and Economic Development”
etonomics.com 