Posts Tagged Journal of Economic Perspectives

It’s fanciful to think China’s economy will overtake the US’s anytime soon

It's fanciful to think China's economy will overtake the US's anytime soon

Possibly the single most important of the tensions stoked up by President Trump is the rivalry between the United States and China. Economic strength will be the ultimate determinant of this struggle for the position of Top Nation. Comparisons of the size of economies, particularly ones at very

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The people of Burnley and Bradford have a point about the impact of immigration

The people of Burnley and Bradford have a point about the impact of immigration

The scenes as the migrant camp was cleared in Calais once again provoked bitter divisions in British society. Metropolitan luvvies and liberals tweeted their virtue and called for no restrictions on immigration. In more traditional areas, there is active resentment at the possibility of even further inflows

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Why the same flaws afflict economic data as political opinion polls

Why the same flaws afflict economic data as political opinion polls

Who will win the US presidency? Opinion polls have got a bad name in Britain, at least. During the 2010 general election campaign, many suggested that Gordon Brown could still continue in power in a minority government or coalition. The polling record in the 2015 campaign was

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The blob is wrong: competition and independence raise school standards

The blob is wrong: competition and independence raise school standards

The A-Level results released last week confirm the dominance of schools in London and the South East. Provisional league tables have only appeared so far for state schools, but these two regions have two-thirds of the top 100. South Yorkshire, Tyne and Wear, and Wales did not

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The IMF is in trouble – and not just due to its poor forecasts

The IMF is in trouble - and not just due to its poor forecasts

The International Monetary Fund (IMF) has played a prominent role in world financial affairs in the post-Second World War period. In the 1950s and 1960s, its main purpose was to support the system of fixed exchange rates. Since then its activities have evolved to embrace developing economies

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Groucho Marx and Property Bubbles

The commercial property market in London has been booming for several years.  The Bank of England is concerned about yet another property bubble building up.  The executive director for financial stability, strategy and risk at the Bank, Alex Brazier, warned in a speech last month that positive

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The national accounts are the new JK Rowling

A potential candidate for the world’s most boring book is the Office for National Statistics’ National Accounts: Sources and Methods.  This book, all 502 pages of it, is currently available in hardback on Amazon for just 1p.  It does exactly what it says in the title.  It

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A Different View of World Trade: Why National Accounts Can Be Exciting

Imagine that, for some reason, you were forced to choose between having to read a long, turgid novel like Westward Ho or Middlemarch, or a book on the methodology of the national economic accounts. Most people, however reluctantly, would plump for the former. But the latter can

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German revival exposes deep fissure within Europe’s economies

In the 1990s and early 2000s, Germany was seen by many as the new ‘Sick Man of Europe’. Between 1991 and 2005, GDP growth averaged only 1.2 per cent a year, compared to 3.3 per cent in the UK. Since then, the German economy has revived dramatically.

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Have Bankers Been Practising Socialism? The Debate About the Top 1 Per Cent

Boris Johnson has got into trouble for his statement that it is “surely relevant to a conversation about equality” that just 2 per cent of “our species” has an IQ over 130. Over the past couple of years, the Occupy movement has made headlines by attacking the

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