the economy

[ Politics ] Open Question : Why are other countries like New Zealand and Australia destroying the virus while America is killing people off to restart the economy?




the economy

An ethical plan for ending the pandemic and restarting the economy | Danielle Allen

As COVID-19 continues to spread, the world is facing two existential threats at once: a public health emergency and an economic crisis. Political theorist Danielle Allen describes how we can ethically and democratically address both problems by scaling up "smart testing," which would track positive cases with peer-to-peer software on people's cell phones -- so we can end the pandemic and get back to work. (This virtual conversation is part of the TED Connects series, hosted by head of TED Chris Anderson and business curator Corey Hajim. Recorded April 6, 2020)




the economy

Stefan Ingves: The Riksbank's measures to mitigate the effects of the corona crisis on the economy

Speech by Mr Stefan Ingves, Governor of the Sveriges Riksbank, at the Sveriges Riksbank, Stockholm, 3 April 2020.




the economy

Fehmi Mehmeti: The Central Bank of the Republic of Kosovo has taken steps to protect the economy from Covid-19 damages

Speech by Mr Fehmi Mehmeti, Governor of the Central Bank of the Republic of Kosovo, at the press conference where the details of the measures taken by the CBK for maintaining health in the economy were given, Pristina, 3 April 2020.




the economy

Jerome H Powell: Covid-19 and the economy

Speech (via webcast)by Mr Jerome H Powell, Chair of the Board of Governors of the Federal Reserve System, at the Hutchins Center on Fiscal and Monetary Policy, The Brookings Institution, Washington DC, 9 April 2020.




the economy

Economists Aren’t the Ones Pushing to Reopen the Economy

On cronies, cranks and the coronavirus.




the economy

Pandemic shows that our health comes before the economy, says archbishop

Rome Newsroom, Apr 30, 2020 / 10:30 am (CNA).- The coronavirus pandemic is telling us that “our health counts more than the economy’s health and that true human fraternity is more valuable and noble than diplomatic success,” a Taiwanese archbishop has said.

Archbishop John Hung Shan-chuan of Taipei spoke to CNA about how the East Asian state has been at the forefront of efforts to halt COVID-19. 

Taiwan was one of the first countries to warn the international community about the risks of the pandemic, although its appeal was not heeded initially by the World Health Organization. 

The country, which has a population of 24 million, has had only 429 documented coronavirus cases and six deaths as of April 30, according to Johns Hopkins University Coronavirus Resource Center.

Archbishop Hung, who has overseen the archdiocese based in the Taiwanese capital since 2007, explained that the local Church has not faced a crisis because the government has been effective in countering the virus.

Taiwan also sent medical masks and supplies to the Vatican, to be delivered to the poor. Taiwan’s ambassador to the Holy See personally brought 280,000 medical masks to the Vatican and the Italian bishops’ conference, and donated food and supplies to the Papal Almoner.

Although Taipei has been considered a model in countering the pandemic, it has been overshadowed by its powerful neighbor, the People’s Republic of China, which claims Taiwan as part of its own territory.

This shadow also extends to Taiwan-Holy See relations. On September 18, 2018, the Holy See signed a confidential agreement with China on the appointment of bishops. The agreement is scheduled to expire in August, and negotiations for its renewal are underway.

Although the Holy See and Taiwan have had uninterrupted ties for almost 80 years, the Holy See is now keeping a low profile in relation to Taiwan, likely in order not to annoy mainland China.

The Holy See press office issued a statement April 9 thanking two Chinese foundations for providing medical supplies to the Vatican Pharmacy. Despite the considerable commitment of Taiwan, the Holy See has not released any official statement thanking Taiwan.  

The archbishop of Taipei, however, emphasized the broader picture and did not complain about the Vatican’s choice.

“The COVID-19 pandemic is an unprecedented global crisis and represents a danger to all humanity,” he said. “No nation, absolutely no nation, can extirpate it by operating alone without the help of other countries.”

“What the world badly needs now is solidarity in action, not self-interest. And it is good that China can provide material aid to other countries on a very large scale.” 

“Thanks to the donations of supplies from China, the Vatican will be able to help many, many poor people in other countries who are forgotten by the politicians and barely reported by the media.”

Archbishop Hung continued: “The Catholic Church in poor countries is waiting for help. And the Vatican will be thankful for any concrete gesture of solidarity, regardless of the political system of the countries as the Church is entrusted with the mission to proclaim the Good News to all nations promoting at the same time a culture of fraternity and peaceful co-existence.”

Turning to Taiwan, he said: “Thanks to the competence of the government authorities and the remarkable support of the population, the people in Taiwan need not deal with emergencies, such as cluster infection. Understandably, no special contribution in terms of material aid to the local population is solicited from Caritas Taiwan.”

But the archbishop highlighted the plight of migrant workers, who ran a high risk of contracting and spreading the coronavirus.

Caritas Taiwan has been very active, the archbishop reported, distributing face masks to fishermen and and-based migrant workers who would not have them otherwise because of government rationing of masks.

“Furthermore,” he said, “in collaboration with other NGOs, Caritas Taiwan also advocates for the protection of migrant workers who are vulnerable to COVID-19 and asked the government to let them overstay in Taiwan, in case their visa is due.”

Archbishop Hung applauded the government for taking preventive measures to counter the pandemic. He stressed that the local bishops’ conference reacted very quickly and “complied with the recommendations and regulations of the ministry of the interior and decided, one by one, to suspend all the indoor Church gatherings, including Mass celebration on weekdays and Sundays, to avoid at all cost any possible infection that could cause death and the closure of the church premises.”

The Catholic Church in Taiwan has livestreamed Masses, while pastors have multiplied their efforts to be close to the faithful via social media and phone.

The archbishop noted that, although Taiwan has diplomatic ties with very few countries, “the Catholic Church is present in every nation,” and therefore “the Church in Taiwan never feels isolated.” 

“On the contrary,” he said, “thanks to the apostolic nunciature and its representative, we truly feel the communion with the Holy Father and with other local churches.”

Meanwhile, the Church in Taiwan is planning for the future. 

Archbishop Hung said: “Our bishops’ conference has been preparing a national evangelization congress since last year, which was initially scheduled for August this year.”

“The congress will gather clergy and laity that will come together to pray, to reflect and to discuss different issues regarding the future of the Catholic Church in Taiwan. Due to the COVID-19 outbreak, the congress is now postponed to next year.”

He also noted that Taiwan could be a bridge-builder to the Chinese world.

“As a Chinese-speaking bishops’ conference in the Catholic Church, the Church in Taiwan can contribute to the evangelization of the Chinese-speaking people,” he said.

Taiwan’s bishops’ conference collaborates with the dioceses of Hong Kong and Macau to translate the pope’s messages and writings, as well as Vatican documents, into Chinese. 

“Evangelization presupposes inculturation and goes hand in hand with the teaching of the Catholic Faith,” the archbishop said, adding that his bishops’ conference was helping to make “the Catholic Faith relevant to the Chinese-speaking people all over the world.”



  • Asia - Pacific

the economy

Fin24.com | Beirut's ghost apartments are haunting the economy

Permanently-drawn curtains on the city’s empty luxury high-rises and dust gathering over shuttered storefronts in the Beirut Souks mall offer a glimpse of the economic gloom gathering over one of the world’s most indebted countries.




the economy

Fin24.com | OPINION | Why coronavirus is punishing the economy more than Spanish flu

To history buffs, the Covid-19 pandemic must seem eerily familiar, says Noah Smith.




the economy

Canada lost 2 million jobs in April as full brunt of pandemic hit the economy

Source: www.thestar.com - Friday, May 08, 2020
The unemployment rate jumped 5.2 points in April to 13 per cent in the first full month of economic restrictions.




the economy

How best can businesses, workers and the economy be supported during the Covid-19 crisis, asks Holyrood’s Economy Committee

The Economy, Energy and Fair Work Committee has today issued a call for views from Scottish businesses and workers on the current Covid-19 crisis.




the economy

Governor Carney and Five Governors Announce Multi-State Council to Get People Back to Work and Restore the Economy

Council Will Include One Health Expert, One Economic Development Expert and Respective Chiefs of Staff from Each State Council Will Develop a Fully Integrated Regional Framework to Gradually Lift the States’ Stay at Home Orders While Minimizing the Risk of Increased Spread of the Virus New Effort Builds on the States’ ongoing Regional Approach to […]




the economy

Donald Tusk: "What the Economy Needs Is a Blitzkrieg"

Donald Tusk, the head of the European People's Party and the former president of the European Council, says the coronavirus crisis could spell the end for the EU. He urges Germany to show more solidarity with weaker countries and hopes to prevent Hungary from becoming a dictatorship.




the economy

Coronavirus: India’s migrant workers are leaving cities. That’s a big problem for the economy

In Surat, a textile hub in India’s western state of Gujarat, losses are mounting for Bhagwandas Maloo, whose five garment factories producing traditional festive outfits have been shut for seven weeks due to the coronavirus lockdown.He was relieved when the government announced it would allow some businesses to resume production this week. But traumatised by the lockdown, Maloo’s group of about 250 migrant workers, who are skilled craftsmen from India’s northern and eastern regions, announced…




the economy

Rebooting the economy during COVID-19 -- by Patrick L. Osewe

Governments in Asia and the Pacific must think about two things when restarting their economies: when to do it and how.




the economy

We had to put a 'stop' to the economy to save lives: WH

White House spokeswoman Kayleigh McEnany on Friday was asked about the U.S. economy that lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, and she responded saying it was 'decided' by the president to 'stop the economy' to save lives.




the economy

We had to put a 'stop' to the economy to save lives: WH

White House spokeswoman Kayleigh McEnany on Friday was asked about the U.S. economy that lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, and she responded saying it was 'decided' by the president to 'stop the economy' to save lives.




the economy

We had to put a 'stop' to the economy to save lives: WH

White House spokeswoman Kayleigh McEnany on Friday was asked about the U.S. economy that lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, and she responded saying it was 'decided' by the president to 'stop the economy' to save lives.




the economy

We had to put a 'stop' to the economy to save lives: WH

White House spokeswoman Kayleigh McEnany on Friday was asked about the U.S. economy that lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, and she responded saying it was 'decided' by the president to 'stop the economy' to save lives.




the economy

There's One Big Reason Why the Economy Can't Reopen

The country faces the same problem today it did two months ago: There are not enough tests to contain the virus.




the economy

Already in this crisis we are slipping into over-optimism about the economy and over-pessimism about debt | Wayne Swan

Deep recessions have long shadows and already there is a gaping hole opening up in our pandemic response

The great recession was followed by Brexit, the election of Donald Trump and the rise of authoritarianism particularly in Europe.

Big economic events have big political consequences.

Continue reading...




the economy

Trump calls Americans 'warriors' in fight to open the economy

As COVID-19 deaths keep rising, Trump's message has shifted from 'one is too many' to praising Americans as warriors fighting to open the economy.




the economy

Rule of law is essential for the economy, too

       




the economy

Troubled waters: What Nigeria can do to improve security, the economy, and human welfare


Nigeria is facing a confluence of troubles: dramatically reduced oil prices have pummeled a country that depends on oil exports for two-thirds of its national revenues; the Boko Haram insurgency continues to wreak havoc particularly in the north of the country, where suicide bombings (many of which are now carried out by kidnapped girls) have killed hundreds; and corruption remains a drain on the country, which ranked 136th out of 168 countries on Transparency International’s 2015 Corruptions Perceptions Index.

But amidst this, Nigeria completed its first peaceful transition of power nine months ago—to Muhammadu Buhari, who has since made some progress in reforming the military, sacking corrupt leaders, and injecting energy into the counter-Boko Haram campaign. 

On February 29, the Africa Security Initiative at Brookings hosted a discussion on the current state of Nigeria, featuring EJ Hogendoorn of the International Crisis Group, Madeline Rose of Mercy Corps, Mausi Segun of Human Rights Watch, and Amadou Sy from Brookings. Brookings’s Mike O’Hanlon moderated the conversation.

As O’Hanlon argued at the start, Nigeria is one of the most important countries in the world, but appears little in policy debates. Nigeria is sub-Saharan Africa’s largest economy, and security risks emanating in the country can have spillover effects. All of the participants stressed that Nigeria should factor more centrally in conversations about international security, economic development, and humanitarian issues.

Nigeria’s ups and downs

O’Hanlon started by framing three overlapping challenges in Nigeria:

  • The struggle against Boko Haram, which is more complicated than a pure terror group, but has also pledged loyalty to ISIS.
  • The question of reform, to include the army, the police, and the entire government.
  • The state of the economy, since Nigerian livelihoods need to be improved if there is any hope to handle the first two situations. 

Hogendoorn praised the peaceful transition of power to President Buhari, calling it a “stunning achievement” for the country and those who helped from the outside. However, the problems facing Nigeria—namely the insurgency in the Niger Delta, declining oil prices, and corruption and government mismanagement (at state and federal levels)—are large, he said. He argued that declining oil prices and income are impacting the government’s ability to fulfill promises, and that state governments are powerful and difficult to reform. He praised some anti-corruption institutions in Nigeria, as well as a number of effective governors who have changed corruption situation dramatically over a short period of time. But in the end, he said, it comes down to good leadership. The Nigerian people must demand accountability. 

Rose detailed how things have changed in Nigeria since Mercy Corps became heavily involved in the area in 2012. Mercy Corps’ main missions there include violence reduction, education, and creating opportunity for young girls, as well as humanitarian response. While there has been progress on chronic violence in Nigeria, particularly in the northeast of the country, Rose stressed that there is much to be done. She concluded that there is not enough attention to the human element of the crisis. For example, Rose noted that displacement is common across the Northeast. The displaced are mainly women and children. In the displaced groups, the eldest becomes de facto head of household—sometimes forcing leading adolescent girls to turn to selling sex for food or money for food. Rose called on the government to address this. 

Segun agreed that the focus needs to change regarding crisis response in Nigeria. In the past, the focus has been almost entirely on a military response. This has not been a workable plan, she said, partly because the “military operates above the law.” The reforms in Nigeria must have a social component, Segun argued. Lack of access to opportunity, economic problems, and desertification of major water bodies have all combined to drive farmers and fisherman from the Northeast and into the heart of the conflict. 

Sy returned to the importance of economic interests in resolving the crises in Nigeria. He reminded the audience that the country is the largest economy of sub-Saharan Africa, and that is important for the entire continent. Since two-thirds of the government revenue comes from oil, the oil shock has dealt a huge blow. But there is hope for Nigeria, Sy noted. One reason is stimulus via investment outside the oil sector. There has been an increase in infrastructure spending, as well as on human development (namely in education and health). In both cases, he said the biggest issue will be implementation. Sy gave four recommendations to the Nigerian government: 1) increase infrastructure expenditure, 2) make government more lean and cost-effective, 3) increase taxation in non-oil revenue items, and 4) reduce corruption. 

Overall, the participants expressed cautious hope for Nigeria despite the problems it faces. The government there still has a long list of to-do’s, but there is reason to believe that it is on the right general track.

Authors

  • Ian Livingston
     
 
 




the economy

Rule of law is essential for the economy, too

       




the economy

COVID-19 is hitting the nation’s largest metros the hardest, making a “restart” of the economy more difficult

The coronavirus pandemic has thrown America into a coast-to-coast lockdown, spurring ubiquitous economic impacts. Data on smartphone movement indicate that virtually all regions of the nation are practicing some degree of social distancing, resulting in less foot traffic and sales for businesses. Meanwhile, last week’s release of unemployment insurance claims confirms that every state is seeing a significant…

       




the economy

@ Brookings Podcast: Remaking Federalism and Renewing the Economy


In this post-election season and with a fiscal cliff looming, states and metros have begun the work of meeting their many challenges. They’re implementing game-changing initiatives to create jobs and restructure their economies for the long haul. The federal government needs to take notice and get on board note, Metropolitan Program policy experts Bruce Katz and Mark Muro as they urge a move for remaking our federalism and renewing the economy. Katz and Muro explain in this episode of @ Brookings.

Video

      
 
 




the economy

Stocks and the economy

The stock market started 2016 with its worst first two weeks ever, renewing a decline in stocks that began around mid-2015. In mid-December, the Fed indicated its confidence in the economy's expansion by finally raising the policy interest rate above zero. Does the falling stock market reflect signs of economic trouble that the Fed missed?…

       




the economy

It’s time to support Tunisia…and to focus on the economy

I was in Tunisia last week and lived with the Tunisian people the shocking terrorist attack that occurred at the Bardo Museum on Wednesday March 18. It was a tragic day for Tunisia, for the Middle East and North Africa (MENA) region and for the world at large. It was yet another demonstration of the…

       




the economy

Stop worrying. The finance sector isn’t destroying the economy


A major oil spill will result in cleanup spending that boosts GDP, but no one thinks oil spills are good. Oil spills and other forms of pollution are examples of negative externalities — harm caused to others by the economic activity of a firm or industry. These externalities represent a failure of the market, and unless there is corrective action, their presence means that there is too much production of something that causes negative spillovers.

That criticism can be applied to the financial services industry. Many say that it grew too large, triggered a financial crisis and damaged the rest of the economy. Is that still the case, and is financialization spoiling the economy? Despite the alarmist rhetoric around today’s finance sector, the answer is generally “no” because of changes made to financial regulation.

First, a check on the facts: How large is the industry and how much has it grown? The broad definition of the financial sector includes finance, insurance and real estate, known by the acronym “FIRE.” It was 17.5 percent of gross domestic product in 1990 and rose to 20.0 percent in 2014, but that figure is misleading as it includes office and apartment rents and leases — stuff that has little to do with Wall Street.

Finance and insurance separately peaked well before the financial crisis at 7.7 percent of GDP, which was up from 5.8 percent in 1990. In 2014, it was 7.0 percent of GDP. Employment in finance and insurance has been on a downtrend since 2003 and is currently 4.25 percent of total nonfarm payrolls. Most of those jobs are in offices and bank branches around the country. (The output data given here are drawn from the Bureau of Economic Analysis, GDP by Industry data. The employment data are from the Bureau of Labor Statistics, Payroll Employment data. Author’s calculations.)

Still, salaries and bonuses at the top are extremely attractive, so perhaps the externality plays out by drawing the best and brightest away from other more productive activities. The Harvard Crimson reported that in 2007, 23 percent of graduating Harvard seniors said they planned to enter finance. That is an impressive number, but things turned around sharply, with the 23 percent figure falling to 11.5 percent in 2009 after the financial crisis. At this point, the financial industry really isn’t large enough to crowd out other parts of the economy.

Meanwhile, the insurance industry serves an important social purpose providing life, property, and casualty insurance. AIG got into trouble in the crisis because it strayed into providing very risky financial services, not because of its main insurance business. Likewise, the core value of banks is financial intermediation between savers and investors, giving savers relatively secure and liquid assets while also funding investment.

There are critics of how well our banking industry serves this core purpose, a quality that is hard to determine. My judgment is that it does the job pretty well compared to most other countries. As the IMF reported in September 2015, the non-performing loan problem among European banks remains severe, whereas most U.S. banks now have strong balance sheets. Good financial intermediation means that most of the savings dollars are transferred to investors and are not lost through inefficient bank operations. A 2002 study that I participated in found bank productivity higher in the United States than in France or Germany.

The parts of the financial sector that give rise to the most concern are market-making, deal-making and the creation and trading of derivatives on Wall Street. The volume of market trading has increased exponentially because of the increased speed of computers and communications. Up to a certain point, the increased volume is helpful because it adds to the liquidity of markets, but the advent of high-frequency trading has taken us over the top. As Michael Lewis describes in his book Flash Boys, the high speed traders are finding ways to shave milliseconds off the time needed to make trades. That is thoroughly wasteful. As for deal-making, it has been going on for a long time — indeed the go-go years for deals were in the 1980s — so it is hard to blame the recent slowing of economic growth on this activity.

Still, the explosion of derivatives and other overly-complex instruments was problematic, and it is crystal clear that the mortgage market became too opaque and removed accountability from the system. The layering of complex derivatives on top of lousy mortgages (and other shaky assets) distorted the economy, resulted in the overbuilding of houses, and caused the financial crisis. There are plenty of people at fault besides the bankers, but the smart people on Wall Street were driving the process, and they should have known better. The excessive financialization obscured the reality of loans that depended upon ever-rising home prices and thus were never going to be paid back. There was an externality because the private calculations of potential profit ignored the risks being imposed on society.

Is that still the situation today? No. Things have changed. Banks and other financial institutions that create risks for the whole economy are now required to hold sufficient capital to cover losses even in periods of economic and financial stress, plus a liquidity buffer (they must pass “stress tests” administered by the Federal Reserve). The screws have been turned pretty tight, and the owners of large financial institutions will bear the costs of future failures — not taxpayers. This brings private incentives in line with the public interest, getting rid of the externality that gave us too much financialization in the first place. But to keep the future safe, we’ll have to make sure no one forgets what happened in the last crisis, and ensure that new risks are not created in other, less-regulated parts of the industry.

Editor's note: This piece originally appeared in the Washington Post.

Publication: Washington Post
Image Source: © Jo Yong hak / Reuters
      
 
 




the economy

COVID-19 is hitting the nation’s largest metros the hardest, making a “restart” of the economy more difficult

The coronavirus pandemic has thrown America into a coast-to-coast lockdown, spurring ubiquitous economic impacts. Data on smartphone movement indicate that virtually all regions of the nation are practicing some degree of social distancing, resulting in less foot traffic and sales for businesses. Meanwhile, last week’s release of unemployment insurance claims confirms that every state is seeing a significant…

       




the economy

Transportation and the Economy

Opportunity 08 hosted U.S. Transportation Secretary Mary Peters for a discussion of America's transportation infrastructure. Secretary Peters focused on the challenges facing the nation’s transportation network, and how local, state and national leaders can take advantage of new technology and approaches to unleash a new wave of transportation investments in this country.

      
 
 




the economy

Webinar: COVID-19 and the economy

With more than 1,000 deaths, 3 million and counting unemployed, and no definite end in sight, the coronavirus has upended nearly every aspect of American life. In the last two weeks, the Federal Reserve and Congress scrambled to pass policies to mitigate what will be a very deep recession. Americans across the country are asking—…

       




the economy

Will cleaner fuel for ships wreck the economy and worsen global warming?

That's what a lot of people are saying as new pollution rules for 2020 get closer.




the economy

Powell says the economy will likely need more support from the Fed for the recovery to be 'robust'

Federal Reserve Chairman Jerome Powell said more stimulus is needed to ensure a robust economic recovery from the coronavirus crisis.




the economy

NY Gov. Cuomo says he won't sacrifice human lives to reopen the economy: The argument is 'absurd'

"This is not a situation where you can go to the American people and say, 'How many lives are you willing to lose to reopen the economy?' We don't want to lose any lives," Cuomo said.




the economy

Putting the economy back together again: What the future holds for Americans

After the coronavirus pandemic passes, life will continue in many regards, but nothing will be the same and the economy won't return to the way it was, not for a long time.




the economy

BCG: 65% of investors more bearish on the economy than just a month ago

Hady Farag of Boston Consulting Group discusses the firm's latest investor pulse check survey, including how many believe we'll need at least $1-$2 trillion of additional fiscal stimulus to support the economy through the coronavirus pandemic.




the economy

Fed's Harker warns about reopening the economy too quickly

"Not only would this be a health catastrophe, but it would reverse the recovery as well," the central bank official said in a speech.




the economy

Market's comeback hinges on the economy reopening without major setbacks

The old saw, 'sell in May and go away' might not apply this year if the U.S. economy reopens smoothly.




the economy

Warren Buffett says the economy will overcome coronavirus: 'Nothing can basically stop America'

Warren Buffett said he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic.




the economy

What the B2B numbers tell us about the economy

Cortera Founder and CEO Jim Swift on how states are doing with their business reopening plans.




the economy

Op-ed: The market is not out of touch with reality, it's just showing how the economy has changed

The stock market still reflects what is going on in the economy, even as it has rebounded from its lows amid dismal economic data.




the economy

Stocks are expected to trade the economy's reopening in the week ahead

Investors will watch the economy's reopening, Fed Chairman Powell, and and economic reports, including retail sales in the coming week.




the economy

'Not the economy, stupid': A majority of Americans say 2020 election will be about other issues

A majority of Americans think a recession is likely in the next year, but amid historically low unemployment and a record stock market, most voters say the 2020 election will not be about the economy, according to a new CNBC Invest In You survey on money and politics released Monday.




the economy

It will take five years for the US to return to the economy of 2019: Harvard's Ken Rogoff

Ken Rogoff, Harvard University professor of public policy and economy, joins 'Power Lunch' to discuss the possibility of negative interest rates.




the economy

San Diego Mayor Kevin Faulconer on reopening the economy

San Diego mayor Kevin Faulconer joins "Squawk Alley" to discuss the process of reopening cities and keeping infections down.




the economy

Russia: Modernising the economy - Better Policies Series (April 2013)

Drawing on experiences in OECD countries and in our key partners, this report presents an OECD view of major policy challenges in Russia, including the fiscal framework, financial sector, competition, business climate, governance of public enterprises, innovation, trade, social policies, employment, education, health, energy, agriculture and green policies.




the economy

Colombia needs a comprehensive tax reform to boost investment and diversify the economy, OECD says

The Colombian economy has done remarkably well over the last decade, consistently ranking among the fastest-growing countries in Latin America, but a comprehensive tax reform that promotes investment and diversifies the economy is now needed to put the country on a path toward stronger, sustainable and inclusive growth, according to the latest OECD Economic Survey of Colombia.




the economy

International community agrees on a road map for resolving the tax challenges arising from digitalisation of the economy

The international community has agreed on a road map for resolving the tax challenges arising from the digitalisation of the economy, and committed to continue working toward a consensus-based long-term solution by the end of 2020, the OECD announced today.