16 March 2021 In the past week, the Biden Adminstration passed its historic American Rescue Plan (ARP) and UK Chancellor Rishi Sunak unveiled his budgetary program for the coming years. The message from both is clear, the immediate priority is to provide Covid-related relief to household and businesses. Concerns about rising public sector debt would [...]
1 December 2020 As the holiday season approaches, much of the world is battling a Second Wave of the Coronavirus. To be sure, world leaders are confronting unprecendented challenges, and tough decisions are required. Throughout the pandemic, many policymakers, as well as members of the media and general public, portray the options as a choice [...]
13 November 2020 Three cheers for the world's scientific community! The recent announcement that an effective vaccine may be on the way is a very welcomed, early Christmas present at the end of a tough year. Of course, there are numerous medical questions and logistical challenges that still must be solved. But, along with everyone [...]
5 November 2020 Saddled with high debt, Latin America's real per capita GDP stagnated between 1980 and 1995, despite a healthy global economic environment. A lost decade (Chart above). The region has suffered greatly during the ongoing Coronavirus crisis, and the economic consequences have been enormous. Despite having only 8% of the world's population, the [...]