In a separate post I have mentioned the dot-com bubble, whose inflation started in the mid-1990s and which finally burst in 2000; in the USA, this led to a 2-year growth stagnation and a mild recession (figure 1 - recession in grey).
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Credit-driven asset bubbles
Housing market in the USA
When discussing asset bubbles in my course on central banking and monetary policy, I pose two questions: (1) should central banks respond to bubbles and (2) should monetary policy be used to prick such bubbles? In both cases, the answer is no.
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Natalità, Euro e sport
La demografia non mente
Qualche giorno addietro, mi sono imbattuto in un post il cui autore individuava la causa della scarsa natalità in Italia nell’adozione della moneta unica, l’Euro.
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