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US Fiscal Wrangling in Full Force (OMFIF, 3 min read) The US economic recovery and monetary policy are dependant on the degree of fiscal support offered, says Mark Sobel. He foresees fiscal debate in coming weeks becoming controversial as there are fundamental differences between Democrats and the Republicans on how best to use these packages.
New Index of Globalization: Measuring Impacts of Integration on Economic Growth and Income Inequality (ADB, 40-page read) ‘Between the two drivers of global economic integration, intraregional integration [regional] is far more important than extraregional integration. The analysis also shows extraregional integration turns out to be mainly responsible for the rise in income inequality.’ [Bearish Globalisation]