inflation

Cruising through the crisis

Taking the advice of Colin Beaven, the ever-popular columnist for Spotlight magazine, I have decided to connect two unrelated ideas: cruise ships and the current economic crisis. The connection is closer than you might think.

Kreuzfahrtschiffe

EFA (47): Retail Prices Index

Inflation is a potential problem for any economy. So one of the key goals of economic policy is to keep inflation low and stable. Britain's best-known measure of inflation is the Retail Prices Index (RPI).

Volkswirtschaft

Einzelhandelspreisindex

Percentages

I've got something I have to confess. It's very embarassing, but I'm sure I'll feel better when I've told you. You see, the thing is...wait for it...I absolutely love percentages. Part 41 in our Economics for Amateurs (EFA) series.

gestehen

peinlich

Volkswirtschaftslehre

EFA (31): Fiscal drag

Fiscal drag may sound amusingly like policies decided by a male finance minister in a dress, but it is actually much more sinister. It means that people pay more and more tax without getting richer. Economics for Amateurs (31).

fiskalpolitische Bremse, heimliche Steuerprogression; drag=auch: von einem Mann getragene Frauenkleidung

düster

EFA (23): Nominal and real

There is an key distinction in economics between nominal and real values — for example, when we look at wages, interest rates or exchange rates. This is the subject of the 23rd item in our Economics for Amateurs (EFA) series.

Unterscheidung

der Nominal- und der Realwert

Zinssätze

Wechselkurse

hier: Folge

Volkswirtschaftslehre

Trendy or not?

Spotting trends is a difficult business, even though some people have been hugely successful by predicting megatrends. In fact, noticing current (or past) trends can be even more tricky than making speculative forecasts.

aufspüren

vorhersagen

schwierig, vertrackt

Prognosen

EFA (15): Inflation

Inflation is a key concept in economics. But what exactly is inflation and how is it measured? This is the subject of the 15th item in our Economics for Amateurs (EFA) series. You can find this series here every Monday.

Volkswirtschaft(slehre)

hier: Folge

EFA (7): Deflation

Oil gets cheaper, cars get cheaper, food gets cheaper, beer gets cheaper... This sounds like paradise. Yet, many experts are worried about falling prices or "deflation". Economics for Amateurs (EFA), part seven.

Bold but risky

The US Federal Reserve Bank has lowered its interest rates to between 0 and 0.25 per cent. This is a decisive move, but a risky one, according to the Financial Times.

US Notenbank

Zinssätze

entscheidender Schritt

Not what it used to be

In the recent economic and financial discussions, many false comparisions with previous crises have been made. Some of the most misleading comparisons have been with the 1970s. Readers should be sceptical about what they are told.

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