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1 – 10 of 46Estimates of income rather than output, of household rather than firms' employment, and of real rather than nominal wages often diverge, but the gap has widened since the…
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DOI: 10.1108/OXAN-DB284606
ISSN: 2633-304X
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The economy has not grown in the past two quarters and, on a per capita basis, has declined for six consecutive quarters. With the Bank of Canada ruling out interest rate cuts…
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DOI: 10.1108/OXAN-DB284433
ISSN: 2633-304X
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President Joe Biden turns 81 today. In a country where half the population is younger than 39, most voters would rather not see an electoral rematch between Biden and Donald…
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DOI: 10.1108/OXAN-DB283463
ISSN: 2633-304X
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The Federal Reserve (Fed) has raised interest rates from zero in March 2022 to 5.25-5.5% and has reduced its bond holdings from nearly USD9tn to USD7.8tn. While the Inflation…
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DOI: 10.1108/OXAN-DB283712
ISSN: 2633-304X
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The Fed insists that subsequent moves will depend on economic developments, but its forecast implies that, although not imminent, another 25-basis-point (bp) increase will happen…
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DOI: 10.1108/OXAN-DB282113
ISSN: 2633-304X
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The 2010s was the worst decade for productivity growth since the 1950s, capping living standards and the economy's growth potential. Productivity is the ratio of labour inputs to…
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DOI: 10.1108/OXAN-DB272465
ISSN: 2633-304X
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The government of Prime Minister Justin Trudeau has previously emphasised spending but, amid high inflation and consequent high interest rates, Freeland stressed the need for…
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DOI: 10.1108/OXAN-DB273987
ISSN: 2633-304X
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Core personal consumption expenditure inflation is 4.7% year-on-year, above the 2.0% target. The economy is holding up, with the OECD now forecasting GDP growth of 1.5%, up from…
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DOI: 10.1108/OXAN-DB276878
ISSN: 2633-304X
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An embedded wage-price spiral took hold in the late 1970s; the price of breaking it was almost a decade of high unemployment. Today's situation more closely resembles 1946-48…
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DOI: 10.1108/OXAN-DB273002
ISSN: 2633-304X
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Fed Chair Jerome Powell said in late August that it is important to change the way people consider inflation, noting that when inflation is high, people and firms incorporate it…