Two weeks ago, the IMF organized a major research conference, in honor of Stanley Fischer, on lessons from the crisis. Here is my take.
What we're doing on the Big Island with Bill 113 is trying to make a law that prohibits us from helping ourselves. It is the exact opposite of what we should be doing.
How much longer can major economies like the U.S. engage in historically unprecedented levels of monetary and fiscal stimulus that provides, at best, levels of economic growth so unimpressively marginal?
Can we tax better, could we -- if we wanted to -- raise more revenue, and how does fairness come into it?
The Fed's lending to the global banking system through front and back doors has distorted the value of U.S. dollar. Foreign central banks engage in money printing to keep in step. As a result, we've inflated distorted asset bubbles on a scale never before seen in the history of the world.
President Zelaya's heart may have been in the right place, but he wasn't governing; he was simply handing out cash that would eventually have to be paid back by a future government or force a future president to yet again travel around the world begging for forgiveness.
Five years into the crisis, the fiscal landscape remains challenging. On the positive side, deficit-cutting efforts and the first signs of recovery re...
The global financial system faces several major transitions along the road to greater financial stability. These transitions will be challenging because they are accompanied by substantial risks.
The recovery from the crisis continues, albeit too slowly. While the focus at this time is more on emerging market economies, other legacies of the crisis are still very much present and advanced economies are not out of the woods.
The plunder of Greece by Western Europe goes back to the Romans. Despite their admiration for Greek culture, they made Greece a colony in 146 BCE. Fro...
Of all this week's international news -- the horrors in Kenya, Rouhani at the UN, the negotiations over Syria -- it is what some might call 'the boring German election' that will have the greatest long-term impact on the interests of the United States.
With elections due in mid-2014, India's politicians are temporarily more mindful of angry voters than of miffed investors. After that, it will be business as usual.
Intrapreneurship is characterized by the "start up" style of management, characterized by flexibility, innovation, and risk-taking. The objective is to circumvent bureaucracy and fast-track private sector development by harnessing or taking advantage of new opportunities and new processes or designs.
While in the long term, future governments can adopt and implement policies to improve Egypt's economy, the short term impact of the recent political revolution exacerbates the current conditions.
The president looks to be in accord with a recent IMF report on the situation that calls on the eurozone to quickly solve the issue of Greece's financing gap for 2014 and to expedite the package of relief measures that have been promised.
The federal government budget deficit has fallen sharply in recent years. But if the choice and timing of policy measures is not right, the deficit reduction may turn out to be too much in the short run -- stunting the economic recovery -- and not enough in the long run.