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These charts from @TheEconomist serve as a reminder of The massive #UK macroeconomic policy response to the #Covid shock; The long fiscal tail; and A significant degree of residual uncertainty And, despite all this, the #economy is set to contract by more than 11% this year
I really don't like how @willwilkinson makes it sound like good macroeconomic policies (aggressive fiscal stimulus and low interest rates) are bad or irresponsible
▶ ASIA ADB $300 Million Loan to Promote Macroeconomic Stability in Pakistan: ADB has approved a $300 million policy-based loan to help promote macroeconomic stability in Pakistan by facilitating improved trade competitiveness and export… ADB
Coming into Jackson Hole, economists are grappling with a major issue: Can central banking as we know it be the primary tool of macroeconomic stabilization in the industrial world over the next decade? In my forthcoming paper w/ @annastansbury , we argue that this is in doubt. 1/
The S&P has had its best 50-day run in history, seemingly disconnected from unrelentingly bad macroeconomic news, and that is driving people into a frenzy. When your narrative for the economy clashes with that of the market, humility is the best option:
India is the fastest growing economy with improved macro-economic indicators. Doing business in India is much easier today.
The Bank of England just announced it will finance the gvt directly. Meanwhile in the eurozone the tragi-comedy of errors, also known as the Eurogroup, will reconvene tonight to proclaim that the crisis is SO urgent that it will do NOTHING of macroeconomic significance.
Dr Urjit Patel is an economist of a very high calibre with a deep and insightful understanding of macro-economic issues. He steered the banking system from chaos to order and ensured discipline. Under his leadership, the RBI brought financial stability.
Who would know better than all of you here about the challenges the country was facing during 2013-14; inflation was breaking the back of every house-hold, Increasing current account deficit & higher fiscal deficit were threatening macro-economic stability of the country: PM
Sen. Sherrod Brown: "Yesterday, your predecessor Janet Yellen said she doesn't think President Trump has a grasp of macroeconomic policy. Is she right?" Fed Chair Powell: "I won't have any comment on that for you, Senator."
Question: Do you think the president has a grasp of macroeconomic policy? Janet Yellen: No, I do not.
India is among the most investor friendly global economies. Our country offers: Growth. Macro-economic stability. Supportive regulatory framework. Political stability. A talented workforce. Large markets. Good physical infrastructure. Come, invest in India!