Industrial nations helped the US export its way out of trouble in the 1980s but are now less inclined to assist America with economic problems of its own making.
Determining the neutral rate can determine how much stimulus an economy requires, and important policy implications follow if present low estimates are correct.
After nearly two dozen bilateral meetings with Russia’s Vladimir Putin, Japan’s Shinzo Abe still cannot show meaningful progress on a territorial dispute between the two nations.
Myanmar may hope to relieve international pressure over the Rohingya refugees, but a new arrangement with the UN could also lead to greater transparency in northern Rakhine State.
<p>Singapore, a country that has also been ruled by the same party since independence, is watching as its close neighbour strikes out on a new path.</p>
While Vietnam would welcome American warships sailing near the disputed islands, other Southeast Asian counties would be concerned about escalating militarisation.
Reintroducing one-man rule in China is not only creating political tensions, but also leading to bad macroeconomic policy – and Australia should prepare for the consequences.