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How to Prevent the Japanification of East Asia’s Economies (Project Syndicate, 4 min read) Productivity-enhancing investments to raise potential growth, alongside increased labour force participation rates for women and older cohorts are needed in East Asia to avoid the entrenched low growth-low inflation experience of Japan.
Dr. Nouriel Roubini: Global Economic Slowdown Likely to Continue (The Sounding Line, 4 min read) Lack of improvement in major economies points to the global slowdown persisting this year. Global recession will, however, be avoided but stagflation is a risk given deglobalisation and rising populism. [Bearish equities]
Housing Speculation and its Economic Consequences (VoxEU.org, 6 min read) The share of non-owner-occupied home purchases is an additional factor explaining the US real estate bubble and subsequent collapse in the 2000s. It is independent of the surge in subprime lending and had consequences for house prices, employment and wider business conditions.