Fed

[OP-ED]: Postponing the next recession?

 06/30/2017 - 08:37
Economists from the Bank for International Settlements (BIS) in Basel, Switzerland -- a bank for government central banks -- find that the pass-through from wage increases to price increases has weakened. If this is confirmed and continues, it implies that inflation will remain tame for some time even if the economy continues to grow. EFE

This is not your father’s inflation -- and that’s good news. Business cycles often end when higher inflation causes a country’s central bank (the Federal Reserve in the United States) to raise interest rates, slowing the economy and, perhaps, triggering a recession. The good news: The next recession may be delayed, because the Phillips Curve has shifted.

Friday, June 30, 2017 - 8:15am

[OP-ED]: ¿Postergar la próxima recesión?

 06/30/2017 - 08:33
Los economistas del Banco de Pagos Internacionales (BPI) en Basilea, Suiza—un banco para bancos centrales gubernamentales—halló que el pasaje de los aumentos salariales a los aumentos de precios se debilitó. Si eso se confirma y continúa, implica que la inflación seguirá controlada durante algún tiempo, incluso si la economía continúa creciendo. EFE

Ésta no es una inflación habitual—lo que es una buena noticia. Los ciclos económicos a menudo se acaban cuando, debido a una inflación elevada, el banco central de un país (la Reserva Federal en Estados Unidos) eleva las tasas de interés, ralentizando la economía y, quizás, desencadenando una recesión. La buena noticia es que la próxima recesión quizás se retrase, porque la Curva Phillips se modificó.

Friday, June 30, 2017 - 8:15am

[OP-ED]: Our Education, Born from Swamps

 05/15/2017 - 15:27
In lower income neighborhoods, students can struggle without access to proper educational materials, exposure, and parental poverty. 

The story of education in lower income neighborhoods is an all too familiar one. The struggle to obtain a stable education is a story of overcoming conditions that are less than favorable, much like the swamp plant. What is causing these students, especially Latinos, to fall behind? How can they grow from these meager and impoverished conditions?  

Monday, May 15, 2017 - 2:30pm
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Who wants to study Spanish in Philadelphia?

 03/28/2017 - 16:30
María Paredes Fernández, profesora de español en Penn University, fue nominada el año pasado como “mejor profesora de español de EEUU”, por la Asociación Americana de Profesores de Español y Portugués (AATSP). Foto: Peter Fitzpatrick

The Hispanic immigrant community has played a fundamental role in the growth of the city in the last decade. In the streets it is more and more common to hear conversations held in Spanish. However, it seems that this important trend is not reflected in universities. Why? A general crisis in the study of the humanities would be the answer. AL DÍA News spoke with professors from three of the most prominent universities in the city.

Tuesday, March 28, 2017 - 11:30am
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[OP-ED]: Should the Fed run the economy ‘hot’?

 03/14/2017 - 17:44
The recovery, though encouraging, is certainly no economic panacea. Mounting inequality remains a big issue. From 2000 to 2016, the best-paid 5 percent of men achieved a 30 percent wage increase, according to Bureau of Labor Statistics data analyzed by Gould. For women, the comparable gain was 24 percent.

Toward the end of 1942, Winston Churchill, in announcing a rare victory over the German army, uttered one of his more memorable phrases: “This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” The same might be said today of the American economic recovery. Progress, though real, is incomplete.

Tuesday, March 14, 2017 - 5:15pm
Plain Text Author: 
Robert J. Samuelson