Now that a recovery is in sight, people are beginning to talk about unwinding the extraordinary stimulus unleashed to prevent the world from collapsing into a depression. The timing of the policy reversal is a critical concern, with many saying it shouldn’t be too early or else we’ll have a ...

Today, President Obama is scheduled to outline a set of proposals for reforming the regulation of U.S. financial markets. The goal, of course, is to minimize the odds of another crisis ripping through financial markets.

Policy actions, such as the setting up of a Resolution Trust Corporation, should in time stabilize the banking crisis. However, the knock-on effect from the financial turmoil is yet to be fully felt on the economy.

Let's explore an interesting development: the different inflation experiences of emerging countries and developed countries. In case you haven't noticed, inflation in emerging countries is higher, demand-pull in nature, and advanced to the stage of a wage-price spiral; in developed countries, it is lower, cost-push in nature, and not advanced ...