Q&A: Lessons on Central Banking From Bank of England’s Posen
Adam Posen spent much of his career analyzing the decisions of central bankers in advanced economies. In 2009, he became one.
Bank of England’s Posen Named to Lead Peterson Institute
The Peterson Institute for International Economics on Friday named Adam Posen, an outspoken policymaker at the Bank of England, as its new director.
Private Jobs Turn Positive for Obama Presidency
President Obama, who officially launches his reelection campaign Saturday, overcame one threshold: the number of private-sector jobs in the U.S. economy is now higher than the month he took office.
World Needs to Create 200 Million Jobs
World-wide population growth created a long-run jobs gap of 177 million, on top of the 27 million jobs lost in the downturn.
IMF: Supply of Safe Assets Shrinking
Worries about nations' fiscal health could cut the world's supply of "safe" government debt by 16% in the next four years, the IMF said.
Look To U.S. In The 1930s For Housing Policy, IMF Says
The IMF, in a section of its World Economic Outlook released Tuesday, called for "bold" policies around the world to cut household mortgage debt in the wake of falling home prices.
Jobs Data Improve, but Growth Picture Darkens
Just hours after another strong employment report, rain is hitting the parade. The latest U.S. trade data, released alongside the jobs numbers, are triggering a raft of downgrades to first-quarter growth estimates.
The All-American Contest At The World Bank
The race for the World Bank presidency is producing unusual jockeying among U.S. lawmakers and foreign nations. It’s not a battle to break the U.S. government’s lock on the top job. Instead, the contest so far appears to be entirely about choosing the right U.S. citizen to represent the interests of 187 member nations.
World’s Extreme Poverty Cut in Half Since 1990
The share of people living in extreme poverty around the world continued to decline in recent years despite financial crises and surging food prices, the World Bank said today.
‘Why This Time Could Be Different’ With High Gasoline Prices
Soaring oil prices in the spring of 2008 sent gasoline prices surging and accelerated the recession. Now, rising gas prices are threatening the recovery. But lower natural gas and utility costs this time around might limit much of the damage, says Deutsche Bank chief U.S. economist Joseph LaVorgna.
China’s Road to Becoming a Reserve Currency
In a new Brookings Institution study, economists say China's currency will become an international reserve currency within the next decade, "eroding but not displacing the dollar’s dominance."
Economists vs. Americans
The Financial Trust Index has been tracking public sentiment toward the financial system for more than three years. And sentiment isn't good.
