Paul Krugman

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US Federal Reserve chairman Ben Bernanke. “Far from becoming more aggressive, the Fed is talking about ‘tapering’ its efforts.” Photograph: Reuters

Last Friday’s employment report wasn’t bad. But, given how depressed our economy remains, we really should be adding more than 300,000 jobs a month, n(...)

Chris Johns. Photograph: Alan Betson / THE IRISH TIMES

Where will the new jobs come from? Branch closures at Ulster Bank and loss of a call centre contract for Hewlett Packard could lead to over 1,000 job (...)

Japan’s Nikkei index slid more than 3% on Monday, extending last week’s severe volatility and leading investors to worry that a bout of profit-taking had turned into lasting doubts about economic growth and appetite for risk

Japan’s effort to get its economy moving entered difficult terrain last week. Bond yields rose and stock prices fell. Some promptly declared “Abenomic(...)

“Right now we’re still dealing with the aftermath of a once-in-three-generations financial crisis. This is no time for austerity.” Photograph: Alan Betson

Those of us who have spent years arguing against premature fiscal austerity have just had a good two weeks. Academic studies that supposedly ju(...)

A 100 billion Zimbabwean dollar note in a country where hyperinflation is rife. The stability of inflation seems to be a reward for the credibility of inflation targeting. That gives policymakers room to risk expansionary policies.

Why are the high-income countries not mired in deflation? This is the puzzle today, not the absence of the hyperinflation that hysterics have w(...)

A man withdraws money from an automatic teller machine at a branch of Bank of Cyprus. A euro zone proposal would see Cyprus receive a bailout worth ¤10 billion but it has demanded depositors in its banks forfeit some money to stave off bankruptcy. Photograph: Reuters

Cyprus has postponed its parliamentary vote on a bank deposits levy until tomorrow.  Yiannakis Omirou, the speaker of parliament, said the(...)

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