Inflation control is often framed as a technical achievement secured through credible institutions and policy rules. Yet, inflation often re-emerges not after institutional breakdown or high inflation, but after prolonged periods of low inflation and policy credibility. This paper argues that such stability is best understood as a coordination equilibrium sustained by collective memory. When inflation remains absent long enough, that memory can erode, leaving expectations vulnerable to miscoordination. Inflation may then re-emerge even without fundamental macroeconomic deterioration, challenging the conventional intuition of ceteris paribus and highlighting the central role of evolving collective beliefs in inflation dynamics.
Read MoreMicrotransactions now underpin modern gaming, driven not by necessity but by biases. This article applies a behavioural economics lens – risk aversion, present bias and fear of missing out (FOMO) – to explain why players overspend and how developers exploit these biases through design. Using the quasi-hyperbolic (β–δ) model, it connects cognitive tendencies to monetisation strategies, exploring implications for consumer welfare, ethical design and policy interventions.
Read MoreThis paper examines Singapore’s shift from the Selective En-bloc Redevelopment Scheme (SERS) to the Voluntary Early Redevelopment Scheme (VERS) as a response to housing lease decay. It analyses their economic rationale, fiscal sustainability, and social implications, highlighting how this transition marks a paradigm shift from state-led asset enhancement to shared responsibility in managing housing value decay amid land scarcity, intergenerational equity, and fiscal constraints.
Read MoreWhile social media has lapped up “new” recession indicators such as the rise of Labubus and the increase in sale for lipsticks, are these really true? This essay aims to discuss the validity of such recession indicators and the role of traditional, tried and tested indicators that economists rely on to identify a recession. It also explores why anecdotal recession indicators tend to be more popular in society.
Read MoreThis essay examines why users often struggle to form meaningful connections on dating platforms such as Hinge. It argues that user dissatisfaction stems from two main sources: algorithmic distortions within the platform’s design and behavioural biases that shape decision-making. Drawing on matching theory, particularly the Gale-Shapley algorithm, and insights from behavioural economics, this essay explores how dating app structures and user psychology jointly undermine stable matches.
Read MoreThis essay evaluates whether Argentina’s latest International Monetary Fund (IMF) programme meaningfully alters the country’s long-standing cycle of sovereign distress and repeat IMF intervention. The analysis examines the mechanisms through which IMF conditionality shapes reform durability, evaluating competing reform trajectories through frameworks such as the political budget cycle and exchange rate management. This essay argues that IMF’s loan programme risks substituting liquidity for solvency, while Argentina’s socially unsustainable reform programmes risk perpetuating its historical cycle of political backlash and prolonging rather than ending the lending cycle.
Read MoreThe Global South is on the brink of a renewable energy revolution, fueled by falling technology costs and untapped resources. But despite the growing momentum, deep-rooted challenges like financing gaps and slow adoption threaten to derail this transformation. Can the region truly reshape the global energy landscape, or will these obstacles hold it back? This article dives into the high-stakes battle for energy dominance and what’s at stake for the Global South’s future.
Read MoreThis paper discusses the conflict between protectionism and food security in the agricultural industry, specifically the trade offs of food security that often arise as a result of protectionist trade policies. Japan’s protectionist agricultural policies are used as a case study to examine the impacts, with a focus on its Acreage Reduction Policy and 800% rice tariff.
Read MoreCentral Bank Digital Currencies (CBDCs) are digital forms of government-backed money designed to enhance financial inclusion, reduce transaction costs, and improve global payment systems. Their development varies by region, with countries like China and India leading, while others like Nigeria face challenges due to trust and infrastructure gaps. The success of CBDCs hinges on balancing innovation with regional needs, as a universal model is unlikely to work.
Read MoreNordic model focused on building a effective free market economy while achieving a fairer welfare society. The model was successful in helping the Scandinavia address the pandemic and its following economic disruptions. This article further assessed the applicability of the model to Singapore in face of greater uncertainty in the modern world.
Read MoreMicrofinance has been instrumental in reducing poverty in Bangladesh by enabling low-income individuals to access financial resources, with key contributions from microfinance institutions (MFIs) such as Grameen Bank. It has strengthened rural economies by supporting small enterprises and farming activities. However, challenges such over-indebtedness and financial distress among borrowers threaten the long-term stability of MFIs.
Read MoreThis paper examined the effects of increasing the money supply on real output in both the short and long run. The Keynesian Sticky Nominal Wage Model suggests a short-run rise in output, while heterodox theories propose potential long-run gains through mechanisms like interest stabilization and crisis prevention, though these are strongly challenged by the Austrian school. Empirical evidence points to a possible positive relationship, but many argue it falls short of proving causality. The paper explored how practical application depends on the relative shifts in aggregate demand and long-run aggregate supply, as well as public tolerance for inflation, ultimately reflecting that more output is not always the optimal choice in economics.
Read MoreMexico is becoming a top near-shoring hub, surpassing China in U.S. exports and attracting record investment. Yet, inflation, labour costs, and U.S. trade tensions pose challenges. Can it sustain its manufacturing edge?
Read MoreGreta Thunberg has said in her ‘Our house is on fire’ speech that “The bigger your carbon footprint, the bigger your moral duty” (Paddison, 2021). There is irony in that the countries most able to financially, culturally, and politically influence climate change efforts are the ones contributing most to worsen it.
Read MoreThe transition to new energy sources has gradually entered the public's consciousness. Perhaps, in the next half-century, we will no longer witness vehicles powered by internal combustion engines on our roads, nor hear the roaring sound of Lamborghinis. This marks the dawn of a new era.
Read MoreThe Linear Economy model that most businesses still adopt today is characterised by a ‘take-make and dispose’ model; raw materials are taken to produce goods where they become waste after consumption (Ellen Macarthur Foundation). Furthermore, stakeholders in this economy have no concern for any environmental consequence on nature and the climate, resulting in a loss of biodiversity.
Read MoreSince Russo-Ukranian War, Russia has been heavily criticized by the international community. As a chief oil and energy producing country, Russia’s involvement in series of war not only disrupted the supply chain of raw materials but also increased inflation rate as prices of raw materials soared. During the war, Wagner Group, Russia’s Private Military Company, supported the invasion of Ukraine, noted for its cruelty and military power. Yet, Russia’s operations in Africa were less known despite its ripple economic effect on African countries.
Read MoreThe divergence from rational choice influenced by non-economic factors, such as emotion, leading to the formation of “ill-informed” decisions or judgments are referred to as cognitive bias. These biases, making us susceptible to persuasion, wield significant influence over consumer choices and market outcomes. In the dynamic field of economics, understanding human behaviour becomes as crucial as analysing intricate market trends. Consequently, businesses have adeptly learned to exploit cognitive biases, incorporating them into their sales strategies to shape consumer behaviour and drive sales.
Read MoreOn 24 February 2022, Russia launched a full-scale invasion of Ukraine, escalating the war that started in 2014 (World Economic Forum, 2023).
The invasion has sparked extensive global apprehension and garnered widespread condemnation from numerous nations, prompting them to affirm their commitment to supporting Ukraine by curtailing Russia’s earnings that are used to spearhead their invasion and attacks on the country (World Economic Forum, 2023). This includes the enforcement of an oil embargo, which rendered Russia unable to export oil to various countries.
Read MoreThe ongoing developments in the financial industry have sparked speculation about the potential arrival of the next global financial crisis. Each passing day brings forth new revelations, drawing parallels between the current turmoil and historically-recorded financial crises.
Read More