National debt can be beneficial and help countries grow their economies, but only if it’s managed properly. Too much debt can become burdensome and cause economic growth and investments to slow down.
With commercial space tourism on the rise and NASA planning to return to the Moon, you might think the US space economy is booming – but the data paint a more complex picture.
The IMF sends its staff on two types of mission to member countries: to assess the state of the country’s macro economy or to assess the need for financial support.
Matthew E. Kahn, USC Dornsife College of Letters, Arts and Sciences
Human behaviors shift. Policies change. New technology arrives and evolves. All those changes and more are hard to predict, and they affect tomorrow’s costs.
Harcourt became an economist because he “hated injustice, unemployment and poverty”. He became one of Australia’s greatest, and was a leading figure in the development of economic thought.
Central bankers are expected to discuss the racial income and wealth gaps during the virtual Jackson Hole retreat. But an economist argues that the Fed is not suited for addressing these issues.
To achieve sustainable growth under the constraint that consumption is independent from the use of natural resources, we must move along the path of qualitative growth.
Massive stimulus plans combined with rising production costs could lead to expectations that inflation will rise. And that alone could trigger an inflationary spiral not seen in 25 years.
An economist who has studied new ways to improve measures of gross domestic product explains what GDP is and how it could better reflect an economy and the well-being of its inhabitants.