Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
In the face of unprecedented actions to safeguard public health, government-mandated lockdowns have seen global economies in free-fall. In response, central banks have embarked on several innovative monetary and fiscal measures. Official short-term interest rates were cut to record lows in most advanced economies. In some jurisdictions, like in the EU and Japan, rates have …
Continue reading “Quantitative Easing and the risks of rising wealth inequality”
Imbalances in the financial sector or the real economy – the usual trigger for recessions – have been markedly absent from the current global economic downturn. Instead, the cause this time was a government-mandated shutdown of the economy owing to a global health crisis. The end of shutdown will see economic growth resume (as indeed …
Continue reading “Capital markets are increasingly unmoored from the real economy”
One in 100-year events are supposed to be rare, but we have had two within the last ten years. The first was the global financial crisis in 2008 / 2009. The second is now the global pandemic. It means they are happening with more frequency, and as a result, we should be expecting another one …
Continue reading “The economy after the pandemic – what are the lasting effects?”