3 Items

Analysis & Opinions - Project Syndicate

The Deflation Bogeyman

| February 28, 2015

CAMBRIDGE – The world's major central banks are currently obsessed with the goal of raising their national inflation rates to their common target of about 2% per year. This is true for the United States, where the annual inflation rate was -0.1% over the past 12 months; for the United Kingdom, where the most recent data show 0.3% price growth; and for the eurozone, where consumer prices fell 0.6%. But is this a real problem?

Oil workers lower the drill on the Centenario deep-water drilling platform off the coast of Veracruz, Mexico.

AP Photo/Dario Lopez-Mills

Analysis & Opinions - Project Syndicate

Mexico's Powerful Energy Reforms

| October 28, 2014

MEXICO CITY – Mexico is poised to become Latin America’s economic star in the coming decade. The government’s recent reform of the energy sector will contribute directly to economic performance by reducing the cost of manufacturing. In the context of the North American Free Trade Agreement (NAFTA), the resulting increase in manufacturing competitiveness promises to boost Mexico’s growth substantially.