OPINION/EDITORIAL

How Should We Think about Full Employment in the Federal Reserve’s Dual Mandate?

February 24, 2021/US Federal Reserve Governor Lael Brainard At the Ec10, Principles of Economics, Lecture, Faculty of Arts and Sciences, Harvard University, Cambridge, Massachusetts I want to thank Jason Furman and David Laibson for inviting me to join your economics class. I often found it difficult in introductory economics to […]

Oil Holds Gains Above $60

February 23, 2021/OilPrice.com Chart of the Week     Chart of the Week   –    The Texas blackouts came from a steep drop in generation from gas, coal, wind and nuclear power.  –    Natural gas typically can supply 40 GW of capacity at peak periods, but frozen gas lines, wellheads, […]

Divergent Recoveries in Asia: History is not Destiny

February 23, 2021/IMFBlog by Davide Furceri, Jonathan D. Ostry, and Anthony C.K. Tan Asian economies are performing better than expected. In the IMF’s latest World Economic Outlook Update, we upgraded our growth estimate for 2020 by 0.7 percentage point from our previous forecast in October, to a contraction of 1.5 […]