Last year humans emitted 550 times their combined weight in CO2. These 33 billion tons are twice the number required to keep global warming under the 1.5°C mark agreed at the 2015 Paris Agreement. Continue reading Can Carbon Trading Solve our Emissions Crisis?
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
According to the IMF, India has the 5th biggest economy in the world, behind the US, China, Japan and Germany. Leading its economic charge is Narendra Modi, India’s Prime Minister, a polarising Hindu nationalist running a country encompassing a multitude of faiths, languages and cultures. Modi has a reputation for immediate action, for example in 2016 he gave four hours’ notice to invalidate high value … Continue reading Reaping What the Farm Bills Sow: Has Modi met his match?
On January 1st 1999, the EU unveiled their new currency to the world: the euro. A currency that was supposed to promote economic growth, stability and integration, it has now become the scapegoat of the EU’s failures. Amid growing Euroscepticism and division by way of the pandemic, has a currency that was supposed to sow unity between European nations actually caused tragedy? Originally, the euro … Continue reading Should the EU Abandon the Euro?
Bitcoin, the world’s largest cryptocurrency, has caught the world’s attention (again). Infamous for its volatility, it has faced scepticism from institutions and finance leaders. However, during the last year alone, Bitcoin has jumped from lows of $4000 to highs of almost $42000. What explains the eye-catching increases? Bitcoin was created in 2009 by the pseudonymous Satoshi Nakamoto at a time when the world was experiencing … Continue reading What is Behind Bitcoin’s Recent Rally?
As vaccines are distributed and the end of the COVID-19 era seems more certain, the debate over how the pandemic will affect the general price level has become more prevalent among economists. Could the pandemic put an end to years of low inflation? First, monetarist theory argues that given the vast amounts of monetary stimulus from government debt, inflation is inevitable. Government debt in the … Continue reading Inflation and the Pandemic
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