inflation

Rapid GDP Growth: Does Trump Deserve the Credit?

August 27, 2018

Trump and his supporters argue that the 2017 corporate tax rate cuts are spurring economic growth. Is there any truth to this? We discuss the real effects of the tax cuts with economics professor Gerald Epstein of PERI at UMass Amherst

IMF Says 2018 Economic Outlook is Rosy, But Austerity is Still Good

April 19, 2018

The IMF just released a positive World Economic Outlook report for 2018. Still, in order to make sure that the outlook remains good, the IMF makes recommendation that would lead to recession, says CEPR’s Mark Weisbrot

‘Normalizing’ Britain’s Interest Rates by Raising Them May Slow Economy

February 12, 2018

The Bank of England announced plans to raise interest rates to combat inflation, but the actual effect will be to slow its economy and raise unemployment in light of a phantom threat, explains economist Mark Weisbrot

UK Interest Rate ​Hike​ Ignores Equitable Policy Options

November 4, 2017

In order to slow inflation, the Bank of England is raising interest rates for the first time in a decade–but this move ignores policy options that could potentially ease high levels of inequality in the UK, explains Positive Money’s Ed Smythe

Venezuela

September 11, 2017
CEPR’s Mark Weisbrot explains that the new measures can help alleviate some of Venezuela’s economic problems, but do not address the heart of the problem, which is an inflation-depreciation spiral that has given the country an extraordinarily high inflation rate. Trump’s recent illegal sanctions will make the situation even more difficult

Economy

July 15, 2017
During her testimony to Congress, Federal Reserve Chair Janet Yellen dodged a question about whether she would accept a second term in office–but it’s unlikely that President Trump will re-appoint her, says Gerald Epstein, co-director of Political Economy Research Institute

Dean Baker: Interest Rate Hike Will Hurt Jobs Growth

June 23, 2017

The Federal Reserve’s interest rate hike will slow jobs growth, but is probably being done to please Wall Street, says CEPR’s Dean Baker

United States of Amnesia and the Economics of the RNC

July 22, 2016

Former financial regulator Bill Black responds to House Speaker Paul Ryan’s speech, and says the RNC chairperson has created a false image about the reality of unemployment, interest rates, and inflation under the Obama presidency

Why Bankers and Financiers Benefit from Low Inflation Policy

July 5, 2016

PERI’s Gerald Epstein explains why financial institutions like the IMF promote fiscal policy that reduces investment, economic growth, and employment