Commodity price shocks – and, notable among those, energy price shocks– are frequently considered among the most important potential threats to the global economy. However, since the second half of the 1980s, energy prices have experienced very large changes, with arguably limited effects on global GDP developments.
Commodity prices and growth: A changing relationship?
Lúcio Vinhas de Souza, 7 February 2013
Hooray for GDP! GDP as a measure of wellbeing
Nicholas Oulton, 22 December 2012
The much-loved English poet John Betjeman is reported to have said on his deathbed that the one thing he regretted in his life was not having had more sex. This provides a seasonally relevant, if somewhat off-colour, reminder that there is more to life than just buying and consuming stuff.
Dani Rodrik, 31 October 2011
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Is the UK still in recession? We don’t think so
Domenico Giannone, Lucrezia Reichlin, Saverio Simonelli, 23 November 2009
Over the last ten days, statistical institutes have published their early estimates of GDP growth for the third quarter of 2009. Both the US and the Eurozone have surprised the market with very positive readings of 0.9% and 0.4% growth, respectively. The UK, on the other hand, still shows negative growth with a reading of -0.4%.
Italy, before and after Lehman Brothers
Francesco Daveri , 5 June 2009
On 3 June, in parallel with the other European statistical institutes, Italy’s Istat released official estimates of GDP data for the first quarter of 2009. At last, one can meaningfully compare what happened to the Italian economy and the other economies in Europe in the six months after the collapse of Lehman Brothers.
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