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Macroeconomics

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  • Tuesday, 22 August, 2023
    Sarah O'Connor
    The minimum wage has passed the high inflation test

    It reduces pay inequality while employment doesn’t suffer — even if productivity is not boosted

    Three piles of gold coins against a background of blue block graph paper
  • Monday, 21 August, 2023
    Markets InsightMohamed El-Erian
    The choices of strategy for Jay Powell

    The Fed chair has a multiplicity of targets for whatever approach he takes at Jackson Hole address on Friday

    Fed chair Jay Powell
  • Thursday, 17 August, 2023
    Free LunchMartin Sandbu
    Debt overhang economics with Chinese characteristics Premium content

    Beijing should avoid the mistakes the west makes again and again — but it probably won’t

    Construction cranes in Shanghai with the city landscape stretching into the background
  • Thursday, 3 August, 2023
    Free LunchMartin Sandbu
    Free Lunch summer reading Premium content

    Good writing on economic phenomena that affect us all

    A close-up picture of a Covid jab being administered into a person’s arm
  • Thursday, 20 July, 2023
    Free LunchMartin Sandbu
    There is more slack in labour markets than we think Premium content

    If economies have been overheating, why are average hours worked so weak?

    Workers at a car manufacturing plant in Germany
  • Thursday, 13 July, 2023
    Free LunchMartin Sandbu
    Ethical consumers and the brave new trade policy Premium content

    Caring about production methods does not violate free trade. It is required by it

    A deforested part of the Amazon rainforest
  • Thursday, 15 June, 2023
    Free LunchMartin Sandbu
    Fiscal policy is about to change beyond recognition Premium content

    We must prepare — institutionally and politically — for the permanently higher state investments new times require

    House speaker Kevin McCarthy, left, with US president Joe Biden, right, in the Oval Office at the White House
  • Saturday, 10 June, 2023
    Riccardo Rebonato
    We need new tools to predict climate risks

    Unprecedented change means we must devise different approaches to complement traditional statistical methods

    Close up image of crowded people walking on busy street in Istanbul, Turkey
  • Thursday, 8 June, 2023
    Free LunchMartin Sandbu
    Corralling Moscow’s foreign wealth Premium content

    Sanctions are squeezing Russia’s net export earnings — now target the surpluses accumulated since last year

    The gates and building of the Central Bank of Russia, Neglinnaya Street, Moscow
  • Tuesday, 11 April, 2023
    How to slash sovereign debt burdens

    Apparently growth helps??

  • Wednesday, 15 March, 2023
    Who’s to blame for sticky prices?

    A new challenger appears

  • Tuesday, 7 March, 2023
    Free LunchMartin Sandbu
    Examining Russia’s unsanctioned cash pile Premium content

    ‘Shadow reserves’ from energy earnings undermine restrictions on central bank

    The Central Bank of Russia building in Moscow
  • Monday, 13 February, 2023
    ReviewNon-Fiction
    How economic reasoning can find solutions for problems, big and small

    Philosophy professor Erik Angner argues that the discipline can shed light on significant global challenges

    Michael Gove giving a speech during the EU referendum
  • Thursday, 19 January, 2023
    Free LunchMartin Sandbu
    Bank of Japan 2 — Markets 1 Premium content

    Governor Haruhiko Kuroda and his colleagues are right to keep yield curve control in place

    Haruhiko Kuroda takes questions in Tokyo this week
  • Tuesday, 17 January, 2023
    InterviewCentral banks
    Philip Lane: ‘We haven’t seen “normal” in Europe for a long time’

    The European Central Bank’s chief economist discusses the institution’s response to a series of global shocks

    Illustration of Martin Wolf and Philip Lane
  • Thursday, 12 January, 2023
    Free LunchMartin Sandbu
    Reasons for confidence in the euro Premium content

    More nuanced thinking on both the currency and its inflation prospects

    Euro coins and banknotes
  • Thursday, 5 January, 2023
    Free LunchMartin Sandbu
    When wage inflation is good for you Premium content

    And some New Year readings on the biggest economics themes affecting us

    A man passes a ‘We’re hiring’ sign outside a restaurant in Arlington, Virginia, US
  • Thursday, 29 December, 2022
    The Big Read
    War, inflation and tumbling markets: the year in 11 charts

    A sampling of the FT’s data and visual journalism from 2022 illustrates the key events of a tumultuous 12 months

    A young Ukrainian soldier, with a backdrop of charts and a map showing recaptured territory
  • Thursday, 8 December, 2022
    Systemic inflation drivers (and what to do about them)

    Is inflation truly only a macro phenomenon?

  • Tuesday, 29 November, 2022
    Martin Wolf
    How to think about policy in a polycrisis

    In our interactive world, we can no longer put problems into convenient intellectual silos

    James Ferguson illustration of a storm with dark clouds and a tornado over dry cracked land, lifting up a bank building, electricity pylon, a tank, armed soldiers, people in business suits and flying pieces of blank white paper
  • Thursday, 24 November, 2022
    Free LunchMartin Sandbu
    The wealthy who like the idea of a wealth tax Premium content

    The moneyed classes are beginning to think governments have been too kind to them

    A fanned display of UK banknotes in a person’s hand
  • Tuesday, 8 November, 2022
    FT Swamp Notes
    Why is the Democratic economic message such a hard sell?

    US inflation has very little to do with anything the Biden administration itself has done

    Joe Biden speaks from an auditorium on the White House campus in Washington, DC, on  October 26 2022
  • Friday, 7 October, 2022
    Oil shocks versus banking crises

    Which has the greater impact on long-term economic growth?

  • Thursday, 6 October, 2022
    Free LunchMartin Sandbu
    The economic policy paradigm shift continues apace Premium content

    IMF-World Bank meeting shows the previous hands-off consensus is still being left in the dust

    A woman walks past the IMF headquarters in Washington
  • Thursday, 22 September, 2022
    Free LunchMartin Sandbu
    How I learnt to stop worrying about public debt and inflation Premium content

    Some economic arguments for benign neglect

    A stallholder receives a ten pound note from a customer
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