|Lecture handout: Macro Trends: what’s going on?|
This lecture provides an overview of the global economy, an explanation of the main ways that policymakers affect macro indicators, and identifies the most important current issues.
You can find the latest global growth forecasts from the institutions mentioned in the lecture here:
Are economists out of touch?
📖 What I’ve been reading:
- “The demise of silicon valley bank“, Marc Rubinstein, March 10th 2023
- “Are we really going to have to do all this again?” Ben Southwood, Nov 7th 2022
- “How bond market mayhem set off a pension ‘time bomb’” Financial Times, October 8th 2022
- “The end of free-lunch economics” Rajan Raghuram, Project Syndicate, January 31st 2022
- “Experts are Making Their Bets on Inflation. Here’s Mine” Bruce Yandle, November 23rd 2021
✍️ What I’ve been writing:
- “A quick and clear growth recipe” Kaleidic Economics, October 2022
- “Does the UK look on the verge of a currency crisis?” Kaleidic Economics, October 2022
- “Verdict on the mini budget” Kaleidic Economics, September 2022
- “The higher inflation survival guide” Kaleidic Economics, December 2021
- To keep up to date with my thoughts on economic issues either follow me on Twitter or see Kaleidic Economics.
🎧 Suggested podcast:
- Macro Musings, by David Beckworth at the Mercatus Center
ℹ️ Background resources:
- The best way to keep on top of macroeconomic trends are to subscribe to the Financial Times or The Economist.
- “An Inflation Primer” Patrick Horan, Mercatus Center Policy Brief, July 2022 – a good background primer on inflation
- Evans, A.J., 2020, “Economics: A Complete Guide for Business” London Publishing Partnership – my managerial economics textbook is intended to provide a thorough but readable overview of the most important elements of macroeconomics
📺 Recommended videos:
This is a good explanation of the difference between nominal and real GDP:
This is a good explanation of current Fed policy:
@kylascan Reply to @joelsephs what does the federal reserve do? #federalreserve #monetarypolicy #inflation #economics #fyp #foryou #LIKEABOMBSHELL ♬ Spooky, quiet, scary atmosphere piano songs – Skittlegirl Sound
✨ Key references
- “Late to disinflate”, The Economist, April 2nd 2022
- “The strange world of energy prices” by Martin Sandbu, Financial Times, August 25th 2022
- “The pandemic has sent public debt rocketing across the world”, The Economist, May 5th 2020
- “How do we move the needle on progress?” Eli Dourado, September 2019 – Eli provides a detailed and illuminating look at the sectors most likely to contribute to higher future economic growth, with specific examples of technological possibilities.