By Engen Tham and Jake Spring SHANGHAI/BEIJING (Reuters) - A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation. But some success for a policy drive to...Show More Summary
Markets will be closed on Thursday as America celebrates Thanksgiving Day. However, the shortened week will be stacked with economic data. We'll get key readings on consumer confidence and housing. The latest durable goods report and...Show More Summary
Since I posted an excerpt from Noah Smith's column, I should also post this response from Frances Woolley: Is economics really a dismal science for women?: Donna Ginther and Shulamit Kahn have just published a paper that tracks thousands of...
ON NOVEMBER 14th Brazilian police raided the offices of Petrobras, a vast state-controlled oil firm at the centre of a corruption scandal. Back in 2010 Petrobras was a symbol of Brazil's economic rise. It conducted the largest global equity raising on record, to pay for the development of fields off Brazil's coast. Now, bribes are the least of it. Show More Summary
The panel is packed with big names and many of them offer suggestions with a law or regulation angle, including Philip K. Howard (“Radically Simplify Law”), Derek Khanna (rethink patent and copyright law; related, Ramesh Ponnuru), Morris...Show More Summary
Donna Ginther and Shulamit Kahn have just published a paper that tracks thousands of American academics from the time they first get their PhDs through to their tenure and promotion decisions. They conclude: Economics is the one field where gender...
Many people assume that politics and economics are separate spheres. We find ourselves often harkening back to the even older tradition of referring to "political economy". After all it was Harold Laswell, who is regarded as the father of modern political science, that famously defined politics as who gets what, when and how. Show More Summary
(November 23, 2014 12:03 PM, by David Henderson) When L'Affaire Gruber began two weeks ago, Tyler Cowen challenged us to stick to discussing Gruber's economics rather than his personal failings. I took up the challenge here, pointing out that Gruber's willingness to mislead could explain what looked like... (0 COMMENTS)
An accord with world powers over the future of Iran’s nuclear program could ease the way for foreign investment and free up the country’s assets frozen abroad, something that many hope could help lift its economy out of the doldrums. But others warn against overstating the potential economic impact of any deal
About a year ago, former Treasury secretary Larry Summers gave his famous speech at the IMF about "secular stagnation." The basic idea behind secular stagnation is that the economy in its current condition is unable to create enoughShow More Summary
I want to highlight two interesting discussions relevant to the fiscal policy debate. First up is Brad DeLong: The original argument was John A. Hobson’s, in his 1902 book Imperialism. The poor have to spend their incomes in order to buy their necessities. Show More Summary
By Lidia Kelly and Oksana Kobzeva MOSCOW (Reuters) - With Russia's economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it freed the rouble to float. Show More Summary
Yup. That's pretty much how it worked. Alice Rivlin, senior fellow in the economic studies program at the Brookings Institution, doesn't get the conservative myopia about just what it was that they got in Obamacare. In general, Republicans...Show More Summary
How worried must (or mustn’t) Qantas and Virgin Australia be on news that the President of Indonesia, Joko Widodo, flew economy class between Jakarta and Singapore on Friday? If the head of the rapidly emerging economic power to our immediate north is happy to rock up to the Y class queue at the Garuda check-in [...]
The commodity in terms of which the prices of all the others are expressed is the numéraire. -- Leon Walras, Elements of Pure Economics. But the numéraire is a purely technical device, introduced simply for the purpose of making exchange values explicit. Show More Summary
The Walker Administration’s Economic Outlook forecasts private employment will be 115 thousand below the goal set forth by Governor Walker in August 2013. Wisconsin nonfarm payroll employment will not reattain prior peak levels until 2015Q1. Show More Summary
Remember all those predictions from those with other agendas about runaway inflation (e.g. see Paul Krugman today on The Wisdom of Peter Schiff)?: The Risks to the Inflation Outlook, by Vasco Cúrdia, FRBSF Economic Letter: The Federal Reserve responded to...
Submitted by Adam Taggart via Peak Prosperity, In the past few chapters on Energy Economics, Peak Cheap Oil, and the false promise of Shale Oil, we've gone into great detail to show how our economic growth is deeply dependent on our energy systems. Show More Summary
If anyone needed proof that golf and economics don't mix, it is the following two back-to-back tweets, one just sent out by Obama (or rather his teleprompter), and the other describing what Obama is doing this very moment during his Las Vegas weekend trip. Show More Summary