Found 1434 article(s) for author 'Economic Growth'

Harvard’s Rogoff Says Next Global Crisis to Come From China

Harvard’s Rogoff Says Next Global Crisis to Come From China. Kenneth Rogoff, September 12, 2018, Video, “Harvard Professor Kenneth Rogoff discusses the risks posed by emerging markets and warns that the next global crisis may potentially come from China. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg).Link

 

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Responding to the Global Financial Crisis, What We Did and Why We Did It

Responding to the Global Financial Crisis, What We Did and Why We Did It – The Fiscal Response to the Great Recession: Steps Taken, Paths Rejected, and Lessons for Next Time. Jason Furman, September 11, 2018, Paper, “The fiscal response to the Great Recession started when President Bush signed the Economic Stimulus Act of 2008 on February 13, 2008 and finished when the payroll tax cut enacted under President Obama expired at the end of 2012. Congress enacted at least 18 different laws that explicitly included discretionary fiscal stimulus totaling over $1.5 trillion during those five years, with about half of that coming from the American Recovery and Reinvestment Act signed into law by Obama on February 17th 2009.2LInk

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What Happens After China Surpasses the U.S. Economy. Bloomberg Opinion Radio

What Happens After China Surpasses the U.S. Economy. Bloomberg Opinion Radio. Noah Feldman, September 7, 2018, Audio, “Hosted by June Grasso. Guests: Sarah Halzack, Bloomberg Opinion columnist: “Nike’s Kaepernick Campaign Is Worth the Risk.” Joe Nocera, Bloomberg Opinion columnist: “Weakened Unions Explain the Lack of Wage Gains.” Daniel Moss, Bloomberg View economics editor and columnist: “What Happens After China Surpasses the U.S. Economy.” Noah Feldman, Professor at Harvard Law and Bloomberg Opinion columnist: “In America, the Press Is Free to Bury the News.” Nathaniel Bullard, energy analyst and Bloomberg View columnist: “Electric Vehicles’ Day Will Come Suddenly.”Link

 

 

 

 

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The knowhow path to Sri Lankan development

The knowhow path to Sri Lankan development. Ricardo Hausmann, September 6, 2018, Opinion, “Sri Lankans shouldn’t fear foreigners, says Ricardo Hausmann, a professor of economics at the Harvard Kennedy School. Foreigners, with their knowhow, can actually help transform the economy as other successful countries have done by integrating foreign migrants and their own diaspora into their societies, Hausman argues in this opinion piece the full text of which follows:…Link

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The Fearless Organization: Creating Psychological Safety in the Workplace for Learning, Innovation, and Growth

The Fearless Organization: Creating Psychological Safety in the Workplace for Learning, Innovation, and Growth. Amy Edmondson, 2018, Book, “Conquer the most essential adaptation to the knowledge economy Psychological Safety at Work: How to Ensure Learning and Innovation in the Knowledge Economy offers practical guidance for teams and organizations who are serious about success in the modern economy. With so much riding on innovation, creativity, and spark, it is essential to attract and retain quality talent–but what good does this talent do if no one is able to speak their mind? The traditional culture of “fitting in” and “going along” spells doom in the knowledge economy. Success requires a continuous influx of new ideas, new challenges, and critical thought, and the interpersonal climate must not suppress, silence, ridicule or intimidate.Link

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Final Thoughts on Secular Stagnation

Final Thoughts on Secular Stagnation. Lawrence Summers, September 6, 2018, Opinion, “Too little was done in the aftermath of the financial crisis a decade ago to stimulate aggregate demand, which would be boosted by a more equal income distribution. And substantially stronger financial regulation than was in place before 2008 needs to be adopted to minimize the risks of future crises.Link

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Interview with Harvard Professor Robert Barro

Interview with Harvard Professor Robert Barro. Robert Barro, September 1, 2018, Opinion, “Robert Barro is a highly influential economist and has written extensively about macroeconomics. He is the Paul M. Warburg Professor of Economics at Harvard University, a senior fellow at Stanford University and co-editor of the Quarterly Journal of Economic. Barro shares a free market view of the current economic climate during an in-depth conversation with Filthy Lucre.Link

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Place-specific Determinants of Income Gaps: New Sub-National Evidence from Chiapas, Mexico

Place-specific Determinants of Income Gaps: New Sub-National Evidence from Chiapas, Mexico. Ricardo Hausmann, 2018, Paper, “The literature on income gaps between Chiapas and the rest of Mexico revolves around individual factors, such as education and ethnicity. Yet, twenty years after the Zapatista rebellion, the schooling gap between Chiapas and the other Mexican entities has shrunk while the income gap has widened, and we find no evidence indicating that Chiapas indigenes are worse-off than their likes elsewhere in Mexico. We explore a different hypothesis. Based on census data, we calculate the economic complexity index, a measure of the knowledge agglomeration embedded in the economic activities at a municipal level in Mexico. Economic complexity explains a larger fraction of the income gap than any individual factor. Our results suggest that chiapanecos are not the problem, the problem is Chiapas. These results hold when we extend our analysis to Mexico’s thirty-one federal entities, suggesting that place-specific determinants that have been overlooked in both the literature and policy, have a key role in the determination of income gaps.Link

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Is America’s economy crushing it?

Is America’s economy crushing it? Kenneth Rogoff, August 29, 2018, Video, “As economists and Fed officials try to handicap whether the U.S. economy is “crushing it” as described by Trump’s chief economic advisor Larry Kudlow, it is fair to note there is a growing consensus that the recovery is not only sustainable but is also gaining momentum.Link

 

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US will lack fiscal space to respond when next recession comes

US will lack fiscal space to respond when next recession comes. Jeffrey Frankel, August 28, 2018, Opinion, “The US economy is doing well. But the next recession – and there is always another recession – could be very bad. The US Bureau of Economic Analysis estimates that GDP growth in the second quarter of 2018 reached 4.1% – the highest since the 4.9% achieved under President Barack Obama in 2014. Another year of growth will match the record 10-year expansion of the 1990s. Add to that low unemployment and things are looking good.Link

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