French philosopher Voltaire famously quipped: "If God did not exist, it would be necessary to invent him." Something similar can be said of modern monetary theory, also known as MMT, because it may be the economy's only hope ...
Economics & Business
Aug 12, 2020
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Coronavirus has had an unprecedented impact on pubs in Britain. The British Beer and Pub Association estimates that the industry lost over £100m each month of lockdown.
Social Sciences
Jul 3, 2020
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The global economy could lose up to U.S. $21.8 trillion dollars in 2020 alone due to COVID-19, according to new analysis from the Australian National University (ANU).
Economics & Business
Jun 25, 2020
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Results from a new economic tracker that looks at real-time statistics on consumer spending, jobs, and business revenue suggest that the government's traditional recovery strategies to reverse the downturn triggered by the ...
Economics & Business
Jun 17, 2020
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The world has been experiencing an unprecedented economic downturn due to the COVID-19 pandemic. A significant number of economic activities have shut down, causing contractions in global output, as well as the loss of businesses ...
Economics & Business
May 29, 2020
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An interactive tool that uses real-time data to measure the depth of the economic downturn and give evidence of any recovery was launched today by Opportunity Insights, a Harvard-based institute of social scientists and policy ...
Economics & Business
May 8, 2020
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Despite toilet paper hoarding and panic buying, overall consumer spending has sharply declined since the onset of the COVID-19 pandemic, with retail sales dropping an unprecedented 8.7% in March. Stay-at-home orders also ...
Economics & Business
Apr 24, 2020
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A significant pillar that has prevented more drastic declines in consumer sentiment has been the widespread belief that the coronavirus crisis will be temporary. Consumers provided dismal assessments of current economic conditions ...
Economics & Business
Apr 6, 2020
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Nobody likes talking about the COVID-19 endgame, but we need to choose one. The appropriate interventions—public health, government spending, and freedom of movement—all depend on the endgame we choose.
Economics & Business
Mar 20, 2020
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5
Fears are growing that the new coronavirus will infect the U.S. economy.
Economics & Business
Feb 27, 2020
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