International Monetary Fund. Managing Expectations: Inflation and Monetary Policy.

Inflation around the world reached multidecade highs in 2022. While headline inflation has since come down, core measures are proving stickier. The high inflation experience of the last two years could engender persistently high inflation expectations, complicating central banks’ paths to getting inflation back to …

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Luis Maizel’s Monthly Letter: Stop the World – I Want to Get Off!

The title of the letter is from a Broadway play many years ago. Many people today feel that everything is terrible, with wars dragging on indefinitely, inept and corrupt governments in most parts of the world, non-existent leadership, and a global economic situation complicated by …

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North-South, East-West.

Ricardo Pascoe Pierce The United Nations General Assembly (UNGA) meeting was held last week in an atmosphere of global realignments. The leaders’ speeches (3 women among men) from multiple countries expressed opinions on common issues: the war in Ukraine, the global financial system, poverty, the …

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Leapfrogging

Luis Rubio India advances uncontainably but in an exceedingly peculiar manner, deftly skirting the obstacles imposed upon it inexorably by its extraordinary linguistic, religious, and ethnic diversity. An extraordinarily complex and stratified society coming up against enormous barriers to progress, it has found innovative ways …

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