Soaring prices continue to weigh on Moroccan households, eroding their real income and causing growing discontent among unions. Over the past two years, consumer prices have risen by 6.6% and…
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Taxpayer bailouts of central banks and after the Global Financial Crisis
by
Bob Lyddon
Introduction Governments made major interventions to shore up the financial system during the Global Financial Crisis, which lasted from 2007 until the end of the Eurozone crisis in 2012. These…
A few days ago, the Italian leading business newspaper, Il Sole 24 Ore, published an article on economic growth in Europe. The article offered several interesting insights. Notably, it emphasized…
On October 1st, 2023, the EU’s Carbon Border Adjustment Mechanism (CBAM) began its transitional phase, with reporting requirements starting in October 2023 and full charges scheduled for implementation by 2026. The CBAM…
The European Court of Human Rights found the Swiss government guilty for not doing enough to protect the Swiss from climate change and, particularly, from heat waves that affect, above all, the elderly.…
Paternalism is characterized by one’s inclination to override another person’s preferences. This requires that some have a superior understanding of what is in the best interest of the others. Of…
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Bank of England makes the case for taxpayer bailouts of central banks: it’s mandatory
by
Bob Lyddon
Introduction The Bank of England has taken the lead amongst the world’s central banks in issuing a working paper about how central banks can replenish their capital, now that they…
In August 2022, US President Joe Biden signed the Inflation Reduction Act (IRA), which promises massive investment by the US government in US-built green infrastructure and industry. The IRA will provide $400bn-$1trn over…
“The robots are coming. And that’s a good thing”. This is the title of a very recent MIT Technology Review article written by Daniela Rus, director of MIT (Massachusetts Institute…
Morocco faces a pressing challenge in water scarcity, posing significant hurdles to its socio-economic progress. Ranked among the nations with the lowest water resources per person by the World Bank,…