Archivo de la categoría: Crisis económica

Energy, cost of living and recession — Michael Roberts Blog

The G7 governments have a problem.  The war in Ukraine against Russia is not won.  It looks set to be a long grinding conflict, possibly with no end.  And yet the world and particularly Europe depends on Russian energy supplies.  The G7 has agreed to stop buying Russian oil, as part of its programme of […]

Energy, cost of living and recession — Michael Roberts Blog

La crisis y el keynesianismo nacional populista — Rolando Astarita [Blog]

La profundización de la crisis económica argentina -al momento de escribir esta nota llevamos más de un mes de corrida cambiaria, y suba desatada de los precios- ha dado pie a una cantidad de explicaciones, salidas del campo «nacional y popular», de tipo voluntarista y/o conspirativa. Casi invariablemente, sus dirigentes y voceros culpan por la […]

La crisis y el keynesianismo nacional populista — Rolando Astarita [Blog]

Calling a recession and blaming it on interest rates — Michael Roberts Blog

The latest US GDP figures for second quarter of 2022 renewed the debate about whether the US economy was in a recession or not.  Real GDP contracted in the second quarter of this year by a 0.9% annualised rate (or by 0.2% quarter over quarter). That meant the US economy had contracted for two successive […]

Calling a recession and blaming it on interest rates — Michael Roberts Blog

A tightening world — Michael Roberts Blog

It’s been a big week for the major central banks. First, the European Central Bank (ECB) called an emergency meeting because government bond yields were rising sharply in the more indebted Eurozone economies like Italy and Spain.  That threatens to deliver a new sovereign debt crisis as happened after the Great Recession from 2010-2014, leading […]

A tightening world — Michael Roberts Blog

Ukraine: trapped in a war zone — Michael Roberts Blog

As the drums of war sound for Ukraine, what will be the impact on Ukraine’s economy and the living standards of its 44m population, whether war is avoided or not?  I’ve posted on Ukraine several times before during the intense economic crisis that the country experienced in 2013-14 culminating in the collapse of incumbent government, […]

Ukraine: trapped in a war zone — Michael Roberts Blog

Salarios, consumo, inversión y la crisis de la economía argentina — Rolando Astarita [Blog]

En septiembre de 2020 la vicejefa de Gabinete de Ministros, Todesca Bocco, en una entrevista televisiva aseguró que veía “… una economía con una inflación en torno al 30% y una recuperación del salario real porque lo que explica el crecimiento es el consumo privado, es decir, que se recupera la masa salarial por recuperación […]

Salarios, consumo, inversión y la crisis de la economía argentina — Rolando Astarita [Blog]

UK budget: coming out of COVID — Michael Roberts Blog

The UK economy was the hardest hit of the top G7 economies in the year of the COVID.  Real GDP fell 9.9%, which the multi-millionaire and richest man in the British parliament, Conservative Chancellor, Rishi Sunak admitted was the worst contraction in national income in 300 years! The UK government also failed to protect the […]

UK budget: coming out of COVID — Michael Roberts Blog

Deflation, inflation or stagflation? — Michael Roberts Blog

During the year of the COVID, global consumer and producer prices inflation dropped. In some manufacturing-based economies, there was even a fall in price levels (deflation) eg the Euro area, Japan and China). US inflation rate (annual %) “Effective demand” as Keynesians like to call it, plummeted, with business investment and household consumption dropping sharply. […]

Deflation, inflation or stagflation? — Michael Roberts Blog

UK: wishing for a V-shape — Michael Roberts Blog

Last week, the Conservative Chancellor (finance minister) Rishi Sunak in the UK presented a plan to support businesses and workers as Britain emerges from the pandemic lockdown. The financial support for workers ‘furloughed’ by their employers is being ratcheted down by the government to zero by end October. After that, workers and employers are on […]

UK: wishing for a V-shape — Michael Roberts Blog

¿Hacia una depresión global? — Rolando Astarita [Blog]

En el día de ayer, lunes 9 de marzo, los mercados accionarios experimentaron la peor caída desde 2008. Ocurrió después de una fuerte caída del precio del petróleo, y nuevas noticias sobre la expansión del coronavirus, que aumentaron significativamente la preocupación por la posibilidad de una recesión mundial. El Dow Jones bajó casi un 8%. […]

a través de ¿Hacia una depresión global? — Rolando Astarita [Blog]