Found 1242 article(s) for author 'Economic Growth'

‘It’s crazy for a president to wrap himself in the stock market’

‘It’s crazy for a president to wrap himself in the stock market. Lawrence Summers, November 8, 2017, Audio, “Larry Summers thinks it’s “crazy” that President Donald Trump spends so much time bragging about how great he’s been for the stock market.  The former Treasury secretary and current Harvard professor argues that Trump, who tweets regularly about new stock market records, is setting himself up for a crushing blow if markets tumble.Link

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Three (almost) inexplicable parts of the Republican tax plan

Three (almost) inexplicable parts of the Republican tax plan. Lawrence Summers, November 5, 2017, Opinion, “With the release of the Republican tax proposal, the most important tax debate in a generation is in full swing. Most reasonable experts agree that tax reform has the potential to spur investment and raise wages while also simplifying the system and increasing its fairness and legitimacy. The right question for debate is not the desirability of tax reform or even of business tax reform directed at spurring investment. It is the likely economic effect of particular proposals.Link

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US Fed chair’s biggest problem will be staying out of Trump’s shadow

US Fed chair’s biggest problem will be staying out of Trump’s shadow. Kenneth Rogoff, November 3, 2017, Opinion, “With the appointment of Jerome Powell as the next chair of the United States Federal Reserve, Donald Trump has made perhaps the most important single decision of his presidency. It is a sane and sober choice that heralds short-term continuity in Fed interest rate policy, and perhaps a simpler and cleaner approach to regulatory policy.Link

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Deals and Development – The Political Dynamics of Growth Episodes

Deals and Development: The Political Dynamics of Growth Episodes. Lant Pritchett, 2017, Book, “Provides a novel framework for understanding how growth episodes emerge and when growth is maintained for a sustained period. Draws on country specific examples to ground theory in practice. Explains actionable methods of intervention to improve a country’s chance at achieving transformative economic growth. Uses a clear layout and unified approach to help the reader find the information they need. An open access title available under the terms of a CC BY-NC-ND 4.0 International licence.Link

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Capital Flow Cycles: A Long, Global View

Capital Flow Cycles: A Long, Global View. Carmen Reinhart, October 31, 2017, Paper, “This paper develops a new, extensive database on international capital flows over the past 200 years by combining long-run data on international debt issuance, the current account, and central bank reserves across countries. We show that crossborder financial flows from financial centers to the periphery are cyclical, with similar patterns over time. We document the interaction between the capital flow cycle, the commodity price super-cycle, and short-term interest rates.Link

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On the Measurement of Upstreamness and Downstreamness in Global Value Chains

On the Measurement of Upstreamness and Downstreamness in Global Value Chains. Pol Antras, October 30, 2017, Paper, “This paper offers four contributions to the empirical literature on global value chains (GVCs). First, we provide a succinct overview of several measures developed to capture the upstreamness or downstreamness of industries and countries in GVCs. Second, we employ data from the World Input-Output Database (WIOD) to document the empirical evolution of these measures over the period 1995-2011; in doing so, we highlight salient patterns related to countries’ GVC positioning – as well as some puzzling correlations – that emerge from the data. Third, we develop a theoretical framework – which builds on Caliendo and Parro’s (2015) variant of the Eaton and Kortum (2002) model – that provides a structural interpretation of all the entries of the WIOD in a given year.Link

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The Fed shortlist: who will hold the second most important job in the US?

The Fed shortlist: who will hold the second most important job in the US? Jeffrey Frankel, October 27, 2017, Opinion, “US President Donald Trump’s administration is expected, by 2 November, to announce its choice, subject to Senate approval, to succeed Janet Yellen as chair of the Federal Reserve Board in February 2018. The White House has indicated it is weighing up five potential candidates. Not all of them would be a good choice.Link

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