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Krugman and the Gang of Four Need to Apologize for Smearing Gerald Friedman

William K. Black | Posted 02.21.2016 | Politics
William K. Black

If you depend for your news on the New York Times you have been subjected to a drumbeat of article attacking Bernie Sanders -- and the conclusion of everyone "serious" that his economics are daft. In particular, you would "know" that four prior Chairs of the President's Council of Economic Advisers (CEA) (the Gang of Four) have signed an open letter to Bernie that delivered a death blow to his proposals.

Macro News Releases Give Unfair Advantage to a Selected Few

Irene Aldridge | Posted 02.09.2016 | Business
Irene Aldridge

If you live in Asia, you will hear this refrain about the Chinese stock market again and again: that it is the government casino. The way the casino ...

The Fed's Decision And The Developing Countries

Marcelo Giugale | Posted 09.14.2015 | Business
Marcelo Giugale

Will those edgy portfolio investors stampede indiscriminately out of--and wreak havoc among--middle- and low-income countries if the Fed lifts interest rates this September, for the first time in almost a decade?

5 Myths About Economic Growth

Brian Czech | Posted 07.20.2016 | Business
Brian Czech

If you liked a rug, but liked your grandkids more, it wouldn't be smart to grab the rug out from under them. That's basic microeconomics. Yet if we look around and reflect a bit, doesn't it seem like all that economic activity is pulling the Big Rug out from the grandkids at large?

Laudato Si: What's Missing, What's Not

Pierre Whalon | Posted 06.21.2016 | Religion
Pierre Whalon

Throughout the long document, allusion is made to economics, but without a call for a real science of economics. There must be a great deal more effort poured into the search for that science. This is what I missed in Laudato si.

WSJ Editorial Page Watch: The Slow-Growth Fed?

Ben S. Bernanke | Posted 05.01.2016 | Business
Ben S. Bernanke

We shouldn't be giving up on monetary policy, which for the past few years has been pretty much the only game in town as far as economic policy goes. Instead, we should be looking for a better balance between monetary and other growth-promoting policies, including fiscal policy.

The Emerging Markets Housing Bubble

Jon Hartley | Posted 04.29.2015 | Business
Jon Hartley

While in most advanced economies, housing prices contracted for a prolonged period both during and after the crisis, in emerging markets, housing prices suffered brief declines, recovered quickly and have kept rising since.

Colombia's twin deficits

Felipe Ángel | Posted 02.10.2015 | World
Felipe Ángel

Geared towards what seems to be an uncertain landscape for the country, Colombia continues to prove to be a fragile economy, with serious structural complications in its core and what some may classify as an irresponsible fiscal policy.

5 Things You Need to Know to Profit in Europe

Gemma Godfrey | Posted 06.28.2014 | Business
Gemma Godfrey

As an investor, misunderstandings and overreaction can offer some of the best opportunities to profit. Here, five widely held beliefs are challenged and attractive investment strategies revealed.

The Student Loan Explosion

Michael Farr | Posted 06.09.2014 | Business
Michael Farr

The drag created by such big amounts of student debt is likely to reverberate throughout the economy for many years to come. This is just another reason we expect to remain stuck in a long period of sub-par economic growth.

Austerity: No Walk in the Park

Jesse Marks | Posted 11.11.2013 | Green
Jesse Marks

Unfortunately, the sequester is only the latest of a series of actions that have cut funding to America's national park system. In fact, in a recent study, all but one of the 23 national parks surveyed have seen budgets decline consistently since 2010 (some by more than 25 percent).

Marrying Monetary Policy and Financial Regulation

Otaviano Canuto | Posted 07.09.2013 | World
Otaviano Canuto

If the global financial crisis -- and the events that led up to it -- have taught us anything, it is, "No complacency with asset price booms." We know firsthand the dire consequences of bubbles.

Supply Shock: The Journey

Brian Czech | Posted 07.07.2013 | Books
Brian Czech

Writing a book is like going on a journey. You explore the terrain, make discoveries, meet interesting people, and maybe learn a new language. The longer the book-writing, the longer the journey.

Rethinking Macroeconomic Policy

Olivier Blanchard | Posted 06.29.2013 | Business
Olivier Blanchard

Rethinking and reforms are both taking place. But we still do not know the final destination, be it for the redefinition of monetary policy, or the contours of financial regulation, or the role of macroprudential tools.

Europe: Towards a Governance Union?

Michael G. Jacobides | Posted 04.27.2013 | World
Michael G. Jacobides

The current crisis is an opportunity in disguise. If the European leaders seize the chance, they can improve competitiveness and thereby living standards in the south and east, while increasing the legitimacy of the EU at the same time.

Unemployment: Why Still So High?

Harlan Green | Posted 03.08.2013 | Business
Harlan Green

What will bring U.S. back to full employment is a big question among economists. The problem is that the 155,000 new jobs per month in 2012 isn't enough to either absorb new entrants, or those that have lost jobs. Only the investment of more money grows a sluggish economy.

Like a Hummingbird -- From Chile to Mongolia

Otaviano Canuto | Posted 11.27.2012 | World
Otaviano Canuto

Increased cross-learning and cooperation among developing countries has been a remarkable feature of the global economy in recent decades.

Not All That Glitters Is Gold

Otaviano Canuto | Posted 11.19.2012 | World
Otaviano Canuto

Gross Domestic Product, better known as GDP, is the market value of all final goods and services produced within a country in a given period. That's why GDP per capita is widely used as a summary indicator of living standards in a country.

Manufacture, Baby, Manufacture?

Evan Soltas | Posted 07.16.2012 | Business
Evan Soltas

Over the past two decades, the intercept had been largely in negative territory -- normally between -2 and -5, with the severe manufacturing contraction during the 2000 recession seeing a moment in which the intercept hit -15 for the year.

Is Productivity Growth a Different Animal in Times of Slack Resource Utilization?

Evan Soltas | Posted 07.03.2012 | Business
Evan Soltas

We are moving into the medium-run period of recovery from recession, and the path of productivity during this recession is visibly different from the past.

Why Students Should Care About the Nobel Prize in Economics

Ellen Siminoff | Posted 12.19.2011 | College
Ellen Siminoff

Christopher Sims and Thomas Sargent won the Nobel Prize in Economics for research on measurement in macroeconomics. While some intellects might not follow The Dismal Science this year, this research has particular relevance for students today.

Italian Banks Get Mass Downgrade From S&P

Posted 12.18.2011 | Business

Standard & Poor's on Tuesday downgraded 24 Italian banks and financial institutions, citing renewed "market tensions" and lower economic growth prospe...

A Balanced Debate About Reforming Macroeconomics

Joseph E. Stiglitz | Posted 05.25.2011 | Business
Joseph E. Stiglitz

There is large consensus among economists for the long run: central banks will focus on more than just inflation, especially financial stability; but there will be a real challenge in developing an integrated approach.

Rewriting the Macroeconomists' Playbook in the Wake of the Crisis

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

Before the global economic crisis, mainstream macroeconomists had largely converged on a framework for the conduct of macroeconomic policy. It is now time to converge again.

The Imperative of Investing in Women in the Workforce

Ben Kerschberg | Posted 05.25.2011 | Business
Ben Kerschberg

Whether in the developing world or the billion dollar hills of Sand Hill Road, companies that invest in the success of women in the workforce will enjoy long-term benefits to both their top and bottom lines.