Overlending and Global Imbalances in Current Accounts
Some extracts from BIS Working Papers No 419 Caveat creditor: The Bank for International Settlement stresses the importance of getting "overlending" under control.
View ArticleHistory of Wrong Forecasts by Swiss and Fed Economists: Update September 2013
Or how to talk down and how to talk up an economy with wrong forecasts American and Swiss mentalities are very different, the Americans have the tendency not to care about the future a lot, the...
View ArticleThe Collapse of the Bretton Woods System, the German Current Account and Gold...
German, Swiss and Japanese gold reserves rose continously in the Bretton Woods system, whereas American and British reserves fell.
View ArticleThe “Cost-Push Inflation” Myth and the 1970s Stagflation
Economists commonly explain rising oil price between 1998 and 2008 with the growth of emerging markets. We argue that the cost-push inflation of the 1970s was also a reflection of rising global demand.
View ArticleOfficial Eurostat Trade Balance Massively Distorted by UK Sales Of 1464...
Somebody who follows regularly the trade balance figures from Eurostat, may have noticed a sentence that was repeated in each monthly release from the Eurostat trade statistics in 2013: “The EU28 trade...
View ArticleFinancial Cycles History, 1998-2002: The Dotcom Bubble and Bust and European...
In this post we present financial and credit cycles in the history: Due a weak credit cycle, Germany was a weak economy under many other weak ones.
View ArticleFinancial Cycles History, 1990-1996: Breakdown of Communism, German...
A history of financial cycles: 1990-1996 the breakdown of communism leads to a boom in Germany and - due to high interest rates and inflation - to a breakdown of the European monetary system.
View ArticleFinancial Cycles History, 1978-1985: Oil Glut, Strong Dollar and the Lost...
The next financial cycle takes from 1981 to 1990: The dollar was strong, Latin America lost a decade and the Japanese created their bubble.
View ArticleFinancial Cycles History: 1945-1966: Bretton Woods, strong growth in Europe
The Bretton Woods time from 1945 to 1966 was a period of strong growth, especially in country like Germany, France, Italy and Japan.
View ArticleBusiness Cycles
The typical backstops of all improvements in business cycles are high oil prices and inflation. Inflation is mostly caused by local effects.
View ArticleFinancial Cycles History, 1991-1998: Overspending in Germany, Asia and former...
In this post we present financial and credit cycles in the history: Due a weak credit cycle, Germany was a weak economy under many other weak ones.
View ArticleA Little History of Wages, Inflation, Treasuries and the Fed – And What We...
On this page we show that Inflation expectations and wages drive the behaviour of the Fed and Treasury bond yields. Excessive wage increases lead to recessions, more or less voluntarily caused by...
View ArticleThe All In One Economic History Chart
It was tweeted out and annotated by James Plunkett and it's based on a chart from inequality economist Branko Milanovic.
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