Many claim that China will soon overtake the US. I argue that this claim is based on a misuse of statistics. The International Comparison…
As the Federal Reserve moves closer to initiating one of the most long-awaited and widely predicted periods of rising short-term interest…
America’s two political parties rarely agree, but one thing that unites them is their anger about ‘currency manipulation’, especially by…
Some questions can only be answered by examining the broad sweep of history. Over the past 150 years, "world" real interest rates have…
This paper explores the menu of options for renormalizing public debt levels relative to nominal activity in the long run, should…
Since 2008 Europe has been mired in a combination of economic depression, financial crisis, and public and private debt overhangs. Greece…
Authors Carmen M. Reinhart and Kenneth Rogoff discuss Venezuelan President Nicolas Maduro's response to a commentary by Ricardo Hausmann…
This paper, written as a chapter for the forthcoming 13th edition of the case study volume, The Structure of American Industry, examines…
Nonprofit charities and foundations hold endowments and many other kinds of investments. How do these investments perform? Some high-…
We continue our examination of the investment performance of nonprofit charities and foundations. This analysis tests hypotheses about what…