In response to our sputtering economy, President Barack Obama presented a new stimulus package last week, hopefully titled the American…
American fiscal policy has been procyclical: Washington wasted the expansion period 2001–2007 by running budget deficits, but by 2011 had…
Seven possible nominal variables are considered as candidates to be the anchor or target for monetary policy. The context is countries in…
The article
focuses on the plan of U.S. President Barack Obama to test the
pay-for-success approach as a financing model for social…
Housing Collateral, Credit Constraints and Entrepreneurship - Evidence from a Mortgage Reform, Ramana Nanda, September 2011,…
Novelists have a better track record than economists at foretelling the future. Consider
then Gary Shteyngart’s timely comic novel “Super…
All six Republicans on the debt-reduction super committee have signed a no-new-taxes pledge, and that means the panel can only dig up extra…
Cyclicality of Credit Supply: Firm Level Evidence. Victoria Ivashina, August 23, 2011, Paper. “Theory predicts that there is a close link…
This Time Is Different: Eight Centuries of Financial Folly. Carmen M. Reinhart, Kenneth Rogoff, August 7, 2011, Book. "Throughout history,…
We identify employees at seven companies whose 401(k) investment choices are dominated because they are contributing less than the employer…