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Far From the Big City, New Economic Life

Research by Rebecca Diamond, an economist at Stanford University, and Enrico Moretti, an economist at the University of California, Berkeley, explains the attraction. They worked out how costs affect living […]




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From Liverpool to London, Inflation Means Tighter Wallets and Colder Homes

LIVERPOOL, England — For the past few weeks Vincent Snowball hasn’t needed to use the weekly food bank that runs out of a church near Liverpool’s city center. But he’s […]




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I.M.F. Forecasts U.S. and China Slowdowns Will Hold Back Growth

The pandemic has changed the way people in many parts of the world spend their money, shifting funds that might have been used for dining, travel and entertainment to goods […]




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Why Critics Fear the Fed’s Policy Shift May Prove Late and Abrupt

That caused the Fed to change course late last year — and to do so fairly abruptly.“Inflation really popped up in the late spring last year, and we had a […]




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Rapid Inflation Fuels Debate Over What’s to Blame: Pandemic or Policy

The price increases bedeviling consumers, businesses and policymakers worldwide have prompted a heated debate in Washington about how much of today’s rapid inflation is a result of policy choices in […]




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China’s Economy Is Slowing, a Worrying Sign for the World

BEIJING — Construction and property sales have slumped. Small businesses have shut because of rising costs and weak sales. Debt-laden local governments are cutting the pay of civil servants.China’s economy […]










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Omicron Is an Economic Threat, but Inflation Is Worse, Central Bankers Say

There is still a lot scientists do not know about Omicron. There is cautious optimism — but no certainty — about the effectiveness of vaccines against this fast-spreading variant of […]