Hoover Institution, Stanford University Shadow Open Market Committee 50th Anniversary Celebration Hoover Institution October 13-14, 2024 The debate over the appropriate relationship between monetary policy and fiscal policy is an old one. However, it has taken on renewed significance since the crisis of 2007-2008 as both the Fed and the Treasury have initiated policies that […]
With a slow week for data, we thought we would begin to discuss the potential consequences of proposed Trump policies. Our goal here is not to critique new policies, but to ruminate about their potential effects on inflation and growth – and what guideposts to look for in determining whether our expectations are correct. As […]
French President Emmanuel Macron appointed Michel Barnier as prime minister on September 6, despite lacking a majority in the National Assembly. Barnier, a veteran center-right leader, is expected to build a coalition with Republicains, Centrists, and Socialists to implement modest reforms. His leadership could also gain leniency from Marine Le Pen's far-right RN, especially on issues like immigration and fiscal restraint. Macron’s decision to call a snap election in June was strategic. With a looming political challenge from extreme parties like RN and La France Insoumise (LFI), the early election helped clarify the political landscape. It led to the formation of the left-leaning coalition Nouveau Front Populaire (NFP), and exposed the Republicains' need to align with Macron's government. Key challenges for Macron and Barnier include addressing France's fiscal deficit, navigating EU relations, and managing domestic unrest, all while contending with external pressures such as the rise of extremism in Germany and potential global shifts like a second Trump presidency.
The Jackson Hole event gathers economists, policymakers, allocators, fund managers, entrepreneurs, business owners, and media. It is a truly unique forum where Wall Street meets Main Street.
French president Macron threw down the electoral gauntlet to what looks like a large majority of voters who seem to prefer the extreme right or left to his centrist coalition. He hopes the French will, after “voting with their heart” on the first round on June 30, “vote with their wallet” on the second, decisive, […]
Happiness used to be U-shaped by age, with middle age the least happy. Not anymore. Young people are now the least happy.
GIC’s College of Central Bankers Fellow David (Danny) Blanchflower, Ph.D., a leading labour economist, a tenured economics professor at Dartmouth College, and a former member of the Bank of England’s interest rate-setting Monetary Policy Committee (MPC), recently published a paper in Economica linked below. https://doi.org/10.1111/ecca.12515 The wage curve after the Great Recession David Blanchflower, Alex Bryson, Jackson […]
In the 3rd and final post from David’s travelogue series from Cuba, David will delve into the Cuba’s government run healthcare system. We hope you enjoy this amazing journey as David provides his insight, experiences, and conversations from Cuba. ———————————- In 2016, I published a discussion about Zika and Cuba. Here’s the link to the entire […]
GIC Board Member David R. Kotok recently completed a 3-part travelogue series as he participated in our Delegation to Cuba. The purpose of the trip was to provide members with insights about the country’s rapidly changing society and a deeper understanding of the island. We are excited to share David’s second part of the […]
February 14, 2024 (Philadelphia, PA) –– U.S. nonprofit organization The Global Interdependence Center will welcome top minds from across the world to their upcoming Climate, Currency, and Central Banking conference in Nassau, Bahamas. The public event begins with a full-day conference on Thursday, February 15. Topics to be covered during the conference include: Enhancements and […]
GIC Board Member David R. Kotok recently completed a 3-part travelogue series as he participated in our Delegation to Cuba. The purpose of the trip with to provide members with insights about the country’s rapidly changing society and a deeper understanding of the island. In Havana, the Delegation met with senior representatives from the Central […]
The following essay on “How to pay for climate change” was written by J. Paul Horne, a member of the GIC’s board of directors, at the invitation of David R. Kotok, founder of Cumberland Advisors and GIC board member. It triggered various responses including the subsequent point and counterpoint with Bob Bunting, a member of the GIC and CEO of The Climate Adaptation Center in Sarasota, FL which has made presentations to the GIC. The link to the IEA’s new global energy analysis of climate change is included at the end of this report. The GIC invites further comments about climate change.
GIC Member John Kalec shared his takeaways from a recent visit to Krakow, Poland in December 2022.
