UK inflation has fallen into negative territory for the first time since 1960, producing quite a few winners (and lots of losers)
A target that started 25 years ago in New Zealand has become the gospel of governments worldwide. But critics say it leaves central banks with too little flexibility.
What do the price of hair-salon services in Beijing and sexual services in London have in common? The answer is that, depending on how you measure them - or indeed whether you measure them at all - the size of the Chinese and British economies will
The country’s currency has crashed along with its economy, despite an unchanging official exchange rate, transforming economic absurdities into daily hardships.
The economy grew at a 6.8 percent pace in the fourth quarter, official data released Tuesday showed — the slowest expansion since March 2009.
As banks, technology giants and would-be disruptors such as Square scrummage over the payment system of the future, German consumers seem perfectly happy with the payment system of the past. Germany remains one of the most cash-intensive advanced economies on earth. On average, wallets in Germany hold nearly twice as much cash—about $123 worth—as those in...
It facilitates crime, bribery, and tax evasion – and yet some governments (including ours) are printing more cash than ever. Other countries, meanwhile, are ditching cash entirely. And if Star Trek is right, we won’t have money of any sort in the 24th century.
A new OECD survey of 30 countries shows few people can perform basic financial calculations or understand simple investment rules.
Paul Romer says he really hadn’t planned to trash macroeconomics as a math-obsessed pseudoscience. Or infuriate countless colleagues. It just sort of happened.
Rising inflation may force the Bank of England to increase interest rates and put the brakes on growth
Switzerland has the most overvalued currency in the world according to The Economist’s Big Mac Index 2017, which the alpine country tops once again.
Bit by bit, economists have pieced together the answer to this millennium's big economic mystery: where did all the jobs go?
The beauty of gross domestic product is its single figure. It squishes all of human activity into a couple of digits, like a frog jammed into a matchbox. But this condensing is also GDP’s flaw.
