My answer on Quora: There are many ways to try to fight high inflation in developing countries because there can be many sources of high inflation. Ultimately, the key differences between developed and developing economies in the context of fighting high inflation often deal with the effectiveness of monetary policy and any reliance on imports […]

My answer on Quora: It depends on the size and direction of the pressure on the currency before the devaluation, and how close the new value of the currency is relative to its market value. First, a devaluation implies that a central bank is moving its currency from one fixed exchange rate to another one where it is worth less, relative to the currency […]

My answer on Quora: As it stands right now, China’s economy is not sustainable. The good news is that the Chinese authorities know what they need to do. The bad news is that it is a lot easier said than done, not just for political reasons but for economic ones too. At the heart of […]

My answer on Quora: In general, monopolies are bad for consumers (higher prices and less choice), bad for workers (potentially lower wages) and suppliers, and bad for overall economic growth (less investment). These results arise when a monopoly does everything it can to solidify its monopoly power so that it keeps all the profits in […]

My answer on Quora: That there are laws in economics. In economics, every answer begins with “it depends”. This can be frustrating when you want a straight answer, but it is useful because you have to look at all the circumstances in a particular case before responding with a policy, for example, to fix something that […]

My answer on Quora: After Greece received “bail-out” financing from IMF, ECB and European Commission (the Troika) in the midst of its debt crisis in 2010, Greece’s financial troubles re-engage the casual observers interest when repayment deadlines approach. Can they make their payments? If not, what will the troika do? This summer has fifteen of those […]

It was around noon when the President addressed the bewildered nation. On that day it was most evident that Barack Obama would not be America’s president for much longer. Earlier that morning, a new man, Donald Trump, was elected by Americans to become the next president. A man who, to many, personifies an America that […]