Latest Articles
Bubble Saving (6/17/2010)
The US has been spending more than it earns and has to borrow from abroad to fund its real investment.
The US has been spending more than it earns and has to borrow from abroad to fund its real investment.
Leveraging and Deleveraging (5/13/2010)
The leverage cycle could amplify business cycles apart from routine monetary policies via interest rates.
The leverage cycle could amplify business cycles apart from routine monetary policies via interest rates.
Dividing the Pie (5/13/2010)
Over-extended American consumers provided the ultimate market for consumer goods exported from low-wage countries that are willing to sell on credit.
Over-extended American consumers provided the ultimate market for consumer goods exported from low-wage countries that are willing to sell on credit.
Domestic Content (5/13/2010)
Economic stimulus might end up stimulating foreign economies more than the domestic economy when the US is so dependent on imports.
Economic stimulus might end up stimulating foreign economies more than the domestic economy when the US is so dependent on imports.
Jobless Safety Net (5/13/2010)
Jobless benefits cushion the fall of disposable income during economic recessions.
Jobless benefits cushion the fall of disposable income during economic recessions.
Shaky Union (5/12/2010)
Even though members of the European Union have no control over their domestic monetary policies, their undisciplined domestic fiscal policies can still wreak great havoc for the financial health of the Union.
Even though members of the European Union have no control over their domestic monetary policies, their undisciplined domestic fiscal policies can still wreak great havoc for the financial health of the Union.
