IMF Chief Economist Pierre-Olivier Gourinchas spoke with Yahoo Finance's Jennifer Schonberger about the World Economic Outlook, inflation, strength in services demand, banking turmoil, growth outlook, rate hikes, and capital requirements for banks.
The recent University of Michigan survey’s reading of one-year price inflation expectations rose to 3.4 percent in July from 3.3 percent in June. The five-year outlook also increased to 3.1 percent from 3.0 percent in the previous month.
There is a mainstream...
The return of high inflation has brought forth theories of inflation that have nothing to do with monetary policy. The most popular of these is that rising corporate profits is the source of post-pandemic inflation–an idea that some have...
As contentious judicial ‘reform’ becomes law in Israel, Netanyahu cements his political legacy
Israeli Prime Minister Benjamin Netanyahu in the country’s...
Dialectically, any dominant power is based on the effective assertion and demonstration of physical advantage over that which is its life support resource. Anyone who is familiar with systems theory and clearly understands the concepts of emergentism, addictiveness and...
