Found 106 article(s) for author 'Jeffrey Frankel'

Jeffrey Frankel on Taxes, Trade, Tariffs, and the Possibility of the Next Recession

Jeffrey Frankel on Taxes, Trade, Tariffs, and the Possibility of the Next Recession June 2019. GrowthPolicy’s Devjani Roy interviewed Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth at Harvard Kennedy School, on the current tax policy, international trade, tariffs, and the possibility of the next recession. | Click here for more interviews […]

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The US Recovery Turns Ten

The US Recovery Turns Ten. Jeffrey Frankel, June 14, 2019, Opinion, “The best explanation for the current ten-year US economic expansion – tied for the longest since 1854 – is disappointingly simple: the Great Recession was the worst downturn since the 1930s. And if the dates of American business cycles were determined by the rule that most other countries apply, the current expansion would be far from beating the record.Link

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The Real Cost of Trump’s Tariffs

The Real Cost of Trump’s Tariffs. Jeffrey Frankel, May 23, 2019, Opinion, “Whereas winners tend to outnumber losers when trade is liberalized, raising tariffs normally has the opposite result. US President Donald Trump appears to have engineered a spectacular example of this: his trade war with China has hurt almost every segment of the US economy, and created very few winners.Link

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The Impact of Exchange Rate Regimes on Economic Growth with Continuous Classification of de facto Regimes

The Impact of Exchange Rate Regimes on Economic Growth with Continuous Classification of de facto Regimes. Jeffrey Frankel, April 26, 2019, Paper, “We construct a new database characterizing the de facto Exchange Rate Regime (ERR) for 145 countries during the full post-Bretton Woods period. With this new database, we firstly investigate the global changes of de facto ERRs over time, and then study the relationship between ERR and economic growth. Our findings contradict both “corner hypothesis” and “fear of floating”. It is shown that intermediate ERR are positively related to economic growth at the greatest significance level. We also find this relationship varies among countries at different income levels, and the choice of ERR appears to be more important for low-income countries rather than high-income ones.Link

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Donald Trump and Xi Jinping are missing a trick over trade

Donald Trump and Xi Jinping are missing a trick over trade. Jeffrey Frankel, March 22, 2019, Opinion, “President Donald Trump has postponed until at least April the supposed deadline for concluding the United States’ trade negotiations with China. A good outcome for both sides would be reached if China agreed to protect property rights better and reduce the state’s role in its economy; the US agreed to strengthen national saving and public investment; and both sides agreed to reverse their recent tariff increases. Unfortunately, this is not the deal that is likely to materialise.Link

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The Euro’s First 20 Years

The Euro’s First 20 Years. Jeffrey Frankel, January 25, 2019, Opinion, “According to public opinion polls, 20 years after its introduction, the euro is highly popular, with 64% of eurozone citizens supporting the common currency. This offers hope that, if the eurozone’s leaders can learn from past mistakes, the monetary union will survive and even thrive in the future.Link

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