India, in its most advanced states, has the kinds of industries that you would see in advanced economies, not in an economy that has tremendous amounts of labor and should do low-skilled stuff. |
It is always a concern when an important institution like the Bank of Italy comes under some uncertainty. |
It is an emerging economy, and as a result there will be scandals. What I think is important is that these scandals stress-test the system and tell us where the deficiencies are. |
It would be fair to say the world has never had it so good. |
It would be fair to say to the world, 'You have never had it so good. But challenges are building in the background. |
It's in the world's interests that India develop its nuclear power. To the extent that nuclear power has become safer over time, it is in India's interests to use this source. |
Oil and other commodity prices are going to have some effect over time. |
Oil is affecting inflation; it is slowly creeping up in the United States and we're seeing rising producer prices, |
Oil price increases are thus unlikely to be benign going forward. |
People associate inflation targeting somewhat wrongly with rigidity, |
People associate inflation targeting somewhat wrongly with rigidity. His theme as an academic was how to depersonalize this whole process. |
Some revenue-raising measures had to be considered after Hurricane Katrina ... but we believe some of those measures are optimistic. |
The Fed will be watchful and will likely continue the process of increasing interest rates in the near term. |
The primary risk is of a greater slowing of house price growth than anticipated — we estimate that the effect of house prices staying flat, as opposed to growing by about 5 percent, could lop one percentage point off U.S. growth. |
The U.S. and China are running on processes which in the long run are unsustainable. Oil prices are proving an increasing strain on growth. |