One of the most common mistakes in judging central banks is to look only at the headline policy rate. A high nominal interest rate may...
Brazil’s economy is doing well by almost any measure. GDP has grown at around 3% for three consecutive years, unemployment is at historic lows, and...
The European Central Bank appears set to raise interest rates on June 11. Policymakers’ statements suggest this, markets expect it, and the ECB’s economic analysis...
Global money supply is soaring again, while money velocity remains depressed and uneven across regions. This highlights a key point: commodities transmit relative price signals, but...
As negotiations edge towards a ceasefire, Tehran is trying to blame the country’s economic collapse on the war and foreign pressure. Yet the data tell a...
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