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” - 1 Harsha Thirumurthy - 1 Thirumurthy - 1 Audrey Pettifor - 1 Pettifor - 1 ” Berk - 1
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☆ How to Lower Deaths Among Women? Give Away Cash.
  + stars: | 2023-05-31 | by ( Apoorva Mandavilli | ) www.nytimes.com   time to read: +3 min
The pandemic drove 97 million additional people into extreme poverty in 2020, according to a World Bank estimate, prompting more countries to start cash transfer programs. Direct cash transfers have been shown to improve school attendance, nutrition and use of health services. The new study is the first to examine the effect of cash transfers on death rates worldwide, the researchers said. The findings suggest that cash transfers may be helpful not just to women, but to families and entire communities. Cash transfers are often accompanied by improvements to health care services or other infrastructure that helps communities, he noted.
Persons: ”, Harsha Thirumurthy, Thirumurthy, Audrey Pettifor, Pettifor, ” Berk Organizations: University of Pennsylvania, University of North, Chapel Hill Locations: Saharan Africa, Africa, Asia, Pacific, America, Caribbean, U.S, University of North Carolina, South Africa
☆ The Fed's rate hike policy doesn't have many fans — but abandoning the inflation target would be a 'disaster' that brings the economy back to the 1970s, a Fed official says
  + stars: | 2023-03-27 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +5 min
The president of the St. Louis Fed said it would be a disaster for the Fed to abandon its inflation target. The Fed has been hiking interest rates aggressively to get inflation down to 2%. The Fed then targeted inflation aggressively and adopted the 2% inflation target in the 1990s. Ethan Harris, a Bank of America economist, wrote in a December note there's little evidence that the 2% inflation target is the "optimal target," per Fortune. Higher interest rates make borrowing — like mortgages to credit cards more expensive.
☆ Central banks' obsession with holding down wages has led to banks becoming 'collateral damage in a class war,' says GFC veteran economist
  + stars: | 2023-03-22 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +4 min
British economist Ann Pettifor criticized central banks for choosing a 'class war over financial stability.' Central banks have been trying to tame inflation with higher interest rates. This is even though economies have not fully recovered from the Global Financial Crisis and the pandemic, she added. Higher interest rates make borrowing for anything from mortgages to credit cards more expensive. The US central bank already hiked interest rates eight times over the past year to its targeted levels of 4.5% to 4.75%.
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