Meme stocks, Non-Fungible Tokens (NFTs) and cryptocurrencies have dominated news outlets for much of the past two years with many news reports on the impact these phenomena have generated. The Federal Reserve has recognized the importance of these technological developments…
It is widely acknowledged that the United States Federal Reserve exerts significant influence over the economy and financial markets. The Federal Reserve is responsible for conducting monetary policy so as to promote the goals of achieving maximum employment, stable prices,…
As the United Nations celebrates the anniversary of the ratification of the UN Charter on October 24th each year, there is typically an increased focus on UN activities and new initiatives and programs at this time of year. The United…
John Maynard Keynes expressed the view that a civil society should combine economic efficiency, social justice and individual liberty. Society today is full of promise and opportunity as world leaders consider the future direction of social and economic policy in…
The International Monetary Fund (IMF) is engaged in supporting the global effort to achieve the United Nations Sustainable Development Goals (SDG) by 2030. The IMF is involved with the SDGs wherever they affect economic stability or sustainable and inclusive growth.…
The International Monetary Fund (IMF) held its Joint Annual Spring Meeting with the World Bank in Washington over the period April 17-19. These annual meetings provide opportunities for the world’s leading economists, finance ministers and central bankers to discuss current…
Thomas Piketty, a professor at the Paris School of Economics, has written an international best-selling book that has won praise for its analysis of the sources of inequality in society. Capital in the Twenty-First Century, originally published in French, has…
Dead Men Ruling is the title of a new book by C. Eugene Steuerle, the Richard B. Fisher Chair and Institute Fellow at the Urban Institute in Washington, D.C. The main thesis of this book is that U.S. fiscal policy…
The Chinese Renminbi (RMB) is emerging as a new global currency. Internationalization of the RMB began in 2009 with the launch of the RMB Cross-Border Trade Settlement Pilot Scheme by Chinese authorities. Under the terms of this initiative cross-border transactions…
The month of September always produces a sense of anticipation in the international community as the United Nations holds its General Assembly in New York and the International Monetary Fund (IMF) and the World Bank hold their annual meetings in…