OPINION/EDITORIAL

The Great Divergence: A Fork in the Road for the Global Economy

February 24, 2021/IMFBlog By Kristalina Georgieva As G20 finance ministers and central bank governors meet virtually this week, the world continues to climb back from the worst recession in peacetime since the Great Depression. The IMF recently projected global GDP growth at 5.5 per cent this year and 4.2 per […]

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, […]