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Debates over economic policy tend to be enormously confused. It is often the case that even high-level officials and well-known economists seem ignorant of basic accounting identities. This leads them to make claims that literally do not add up. This seems to be especially common in the case of...
Persistent link: https://www.econbiz.de/10009649733
This report looks at Argentina’s current debt, fiscal, and overall economic situation to see if there is justification for concerns that Argentina is facing serious economic problems that could lead to a default on its sovereign debt. The Argentine economy has grown more than 60 percent since...
Persistent link: https://www.econbiz.de/10005048505
long-term growth failure in most of the world's countries. …
Persistent link: https://www.econbiz.de/10009003121
Researchers have offered several explanations for the decline in unionization. Many emphasize that “globalization” and … unionization is the inevitable response to the twin forces of globalization and technology, then we would expect unionization rates … to follow a similar path in countries subjected to roughly similar levels of globalization and technology. This paper …
Persistent link: https://www.econbiz.de/10009364322
. Now in the third year of an IMF-backed economic program, Jamaica is running the most austere budget in the world, with a …
Persistent link: https://www.econbiz.de/10011265860
significant gains for liberalization of trade through the World Trade Organization. It is not clear that the reported gains are at …
Persistent link: https://www.econbiz.de/10011265861
Private equity, hedge funds, sovereign wealth funds and other private pools of capital form part of the growing shadow banking system in the United States; these new financial intermediaries provide an alternative investment mechanism to the traditional banking system. Private equity and hedge...
Persistent link: https://www.econbiz.de/10009651285
This week the Greek government reached agreement with the European authorities and the IMF for 130 billion euros in lending, as part of a new adjustment package to replace the current IMF program that began in May of 2010. Although the agreement should allow the government to avoid default in...
Persistent link: https://www.econbiz.de/10009651286
Advocates of an economic strategy of “internal devaluation” have recently pointed to Latvia as an example of successful macroeconomic policy. The Latvian economy is projected to grow by four percent in 2011. They argue that the Latvian government, along with the European authorities...
Persistent link: https://www.econbiz.de/10010541808
rates in the world. It also compares favorably to neighboring economies that are commonly seen as quite successful, such as …
Persistent link: https://www.econbiz.de/10009359466