Edward Hadas is Economics Editor at Reuters Breakingviews. He joined Breakingviews in both 2004 and 2011, with a year in between at the Financial Times as Assistant Editor of the Lex column. Before becoming a journalist, he worked for 23 years as an equity analyst in Europe and the US. He has written a book, Human Good, Economic Evils: A Moral Approach to the Dismal Science (ISI Books, 2007), and a course-book about political philosophy for the Maryvale Institute in Birmingham. Edward has degrees from Columbia University, Wadham College, Oxford and the State University of New York at Binghamton. He has a website, edwardhadas.com. Follow Edward on Twitter @edwardhadas
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When economists project low or falling prices in the euro zone, they often look to Japan for lessons. Some Japanese experience is undoubtedly relevant. But Edward Hadas says differences in stock markets, workforce, and financial politics are greater than the similarities.
A new study moves beyond the typical GDP barometer of progress. Equally weighting income, education and life expectancy, Leandro Prados de la Escosura found the poor are better off than their GDP suggests and global welfare inequality has fallen. It’s a useful fresh perspective.
Central banks’ long-range rate forecasts prod excessive financial risk-taking and may slow necessary tightening, says the Bank for International Settlements. Forward guidance fails the risk-reward test. Although the BIS didn’t say it, the policy just doesn’t stack up.
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- Review: GDP and its discontents
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- G20 can get past angry stares and platitudes
- Edward Hadas: AOL, solidarity and health insurance