US Unemployment - Cost of Inflation Targeting
Raulin Cadet | Published Dec. 25, 2023 | Updated Dec. 25, 2023Following multiple increases in the funds rate by the Federal Reserve Bank (FRB), the trend of the unemployment rate ceases to decline and instead tends to rise. Does the Federal Reserve Bank policy achieve its goal? In fact, its goal was to bring inflation down to the 2% target level.
Definition: An inflation target is a precise annual inflation goal that …
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Haiti's Path to Prosperity: Key Actions
Raulin Cadet | Published Dec. 19, 2023 | Updated Dec. 20, 2023Haiti is experiencing a profound socioeconomic and political crisis. As the international community seeks solutions to the political crisis, this economy faces negative GDP growth and high inflation. In light of these challenges, what steps can be taken to reverse the current economic downturn? This week, I attended an online presentation of the results of the Trase Chimen project, …
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Uzbekistan: Literacy Beyond Economic Barriers
Raulin Cadet | Published Dec. 11, 2023 | Updated Dec. 12, 2023Can countries with low income levels have a high literacy rate ? This post attempts to address this question, providing the case of Uzbekistan. It is known that Countries with high income tend to have high literacy rate. Does that mean that countries with lower income should reach a high income level comparable to the richest economies to …
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