|Lecture handout: Macro Trends: what’s going on?|
This lecture provides an overview of the global economy and a discussion of current critical uncertainties.
You can find the latest global growth forecasts from the institutions mentioned in the lecture here:
Here’s a short quiz to test your knowledge about the session:
- Rajan Raghuram, “The end of free-lunch economics” Project Syndicate, January 31st 2022
- Yandle, B., “Experts are Making Their Bets on Inflation. Here’s Mine.” November 23rd 2021
- “The higher inflation survival guide” Kaleidic Economics, December 2021
- “How do we move the needle on progress?” Eli Dourado, September 2019
This is a good explanation of current Fed policy:
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For a good primer on inflation see:
- Horan, P.,., “An Inflation Primer” Mercatus Center Policy Brief, July 2022
In the lecture I suggest that the sectors that can drive the economy forward should possess the following characteristics:
This comes from the following article, “How do we move the needle on progress?” Eli Dourado, September 2019, where he suggests the following industries:
- Transport, logistics and infrastructure
Eli also provides specific examples of the types of investment that can drive the economy forwards. I recommend the entire article.