Is Addressing Bilateral Trade Balances the Right Step to Improving Competitiveness?

I find myself thinking a lot on trade balances issues, its implications for a country’s consumption, export and import sectors. Martin Feldstein puts it nicely in this article here by saying “Politicians and economists view trade imbalances very differently. Economists emphasize that the total US trade deficit with the rest of the world is the result of … More Is Addressing Bilateral Trade Balances the Right Step to Improving Competitiveness?

To Raise or not to Raise – Central Bank’s Monetary Dilemma

Just wanted to highlight this article here by Reuters on the difficulties of being a central bank. As you all know, interest rates by historical standards are at an all time low all over the world now. This has raised concerns on over-inflated stock markets, excessive credit growth and asset bubbles.  The ultimate question is … More To Raise or not to Raise – Central Bank’s Monetary Dilemma