Second in the series of chartbooks with charts, links and news of vaccines, an accelerating pandemic and dramatic news on the trade front from Asia. Download here: Check it out. Let me know what you think. Spread the word!
Introducing Adam Tooze Chartbook # 1. Vaccine refrigeration, Biden’s economics team, IMF fiscal reports, Turkey under financial pressure, Nagorno-Karabakh, Indian potato inflation and the market for Gerhard Richter paintings … they were all hot news in the last few days. But on twitter it can be hard to follow. It makes me dizzy too. To help bring some order to the flow, I am experimenting with a new format: a chartbook that collects significant images, charts and links that I tweeted out over the last few days etc, in an accessible format. You can download
The WHO declared a pandemic on Wednesday 11 March 2020. At that point COVID-19 had been reported from 110 countries. But through the end of April, as measured by mortality, it was a largely European and American affair. To be more specific it was Western Europe and New York that were at the center of the crisis. Since May the balance has shifted. In recent weeks, 40-50 percent of all COVID mortality has been in Latin America. Combined with the US up to 2/3 of mortality has been in the Americas. Now, alarmingly, mortality is
What are central banks for? How should they be governed? What is their role in the 21st century? The recent German Constitutional Court decision has forced all these issue to the forefront of political debate. As I lay out, at length, in this piece for Foreign Policy, the judicial battle in Germany is more than a storm in a European tea-cup. It brings to the fore basic questions of modern governance that have implications far beyond Europe. This is a problem of economics and politics, but also of history. As I argue in the Foreign
"Mario Draghi is using his position as Italian prime minister to deliver the one thing he could never conjure up when he was head of the European Central Bank: massive fiscal stimulus.” Italy set to run largest fiscal stimulus in 2021! bloomberg.com/news/articles/… https://t.co/EdLElUkjlz
@RobinBrooksIIF Actually the more striking thing about 2008 is how oil holds up and does not disappear until price collapse and the fracking revolution kicks in. The collapse in the non-oil deficit between 2007 and 2014 is spectacular!
RT @ian_goldin: The Cape Town fire is now raging through UCT. The library with its irreplaceable collections and where I learnt much of wha…
"Mario Draghi is using his position as Italian prime minister to deliver the one thing he could never conjure up when he was head of the European Central Bank: massive fiscal stimulus.” Italy set to run largest fiscal stimulus in 2021! bloomberg.com/news/articles/… https://t.co/EdLElUkjlz
@RobinBrooksIIF Actually the more striking thing about 2008 is how oil holds up and does not disappear until price collapse and the fracking revolution kicks in. The collapse in the non-oil deficit between 2007 and 2014 is spectacular!
RT @ian_goldin: The Cape Town fire is now raging through UCT. The library with its irreplaceable collections and where I learnt much of wha…
‘We are living through the first economic crisis of the Anthropocene’ At the spring meeting of the IMF this April, Managing Director Kristalina Georgieva referred to our current situation as a “crisis like no other”.
The scale, pace and extent of central bank action in response to the COVID-19 crisis has been spectacular. It dwarfs that which followed the financial crisis of 2008. In this piece in the Guardian,
On Tuesday 31 March the Fed added another weapon to its arsenal in the struggle to maintain global dollar liquidity and stability in key US financial markets. It announced a repo facility to allow foreign
It has been another week in which economic history has been made. On the heels of the trade wars and the mounting geopolitical tension between the US and China that marked 2017-2019, the shock to
We are in a scramble to prevent the run into dollars destabilizing financial systems around the world.
Félix Vallotton – the war artist.
An afternoon of galleries. December 14 2019.
I’ve found myself in a bit of an argument with Germany’s Bundesbank about the possibilities of harnessing central bank to the cause of climate change mitigation. The exchange started with a piece in Foreign Policy
To be made the object of “one of those” articles by Perry Anderson is a disorientating experience. Anderson, NLR 119 (1) It is flattering, painful and disconcerting, all at the same time. I have felt
In picking Kristalina Georgieva, the Bulgarian chief executive of the World Bank, as their candidate to succeed Lagarde at the IMF, the EU made the best of a bad choice. To have picked Dijsselbloem would
“Greening” finance is one of the hot themes amongst regulators and progressive central bankers right now. Gillian Tett US managing editor of the FT has dedicated an entire section of the world’s leading financial newspaper
In the course of writing Crashed I was so mystified by the illogic of German policy that I felt I should try to write a book about Germany since reunification in 1989. Last summer I
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