Posts Tagged ‘GDP’

  • In Russia now, and 35 years ago in the US, stagflation is a tough problem.

    When Did We Get “Tough Love” From the Federal Reserve?

    Apr 27, 14 • 1145 Views • No Comments

    Demonstrating Russia’s current plight, this graph so perfectly illustrates stagflation: When GDP sinks and inflation increases, the stagflation that results is tough to cure. If monetary authorities target inflation with tight monetary policy, then...  [read more]

  • GDP growth Nigeria rebasing

    Why Would the Nigerian GDP Double Overnight?

    Apr 10, 14 • 947 Views • No Comments

    We might have to say BRINC rather than BRICS. As a developing nation with the highest GDP in Africa, South Africa has been the “S” in BRICS (Brazil, Russia, India, China). Now though, Nigeria has raced ahead. During one weekend in April, the...  [read more]

  • tape measure height

    Tall and Short Populations

    Feb 26, 14 • 646 Views • No Comments

    Princeton economist Angus Deaton estimates that it will take 500 years for Indian women to reach the height of English women. In The Great Escape, Dr. Deaton explains that a population could be short because of nutrition or disease. When babies consume...  [read more]

  • Nigerian currency

    Figuring Out African Development

    Dec 21, 13 • 670 Views • No Comments

    In Chimamanda Adichie’s Americanah, we meet Ifemelu and Obinze. Representative of Nigeria’s upper class, they are a part of a story that takes the reader to Princeton, Yale, Philadelphia, Baltimore and London but always with a home base in...  [read more]

  • Data Consumption the the GDP

    A GDP Omission

    Dec 1, 13 • 545 Views • No Comments

    What to include in the GDP? When Nobel Laureate Simon Kuznets developed the concept of the GDP during the 1930s, he had to decide which goods and services would count. He knew the GDP had to measure the health of the country. But how? His answer was adding...  [read more]