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Thursday, January 13, 2011

Could Federal Spending be Capped at 20 Percent of GDP? Should it Be?

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As the budget debate heats up, we will hear much about capping U.S. federal government spending at 20 percent of GDP, roughly its level for ...
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Sunday, January 9, 2011

Hidden Pitfalls of Increasing U.S. Dependence on Canadian Oil Sands

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Canada is the biggest supplier of oil imports to the United States. Increasingly, those imports come from its vast reserves of oil sands. Is...
Wednesday, January 5, 2011

If a Stronger Yuan is Good, Can A Weaker Dollar be Bad?

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One of the top themes for 2010 in economics, politics, and diplomacy was the damage being done to the U.S. economy by an undervalued Chinese...
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Monday, January 3, 2011

What is Price-Level Targeting? Has Its Time Come?

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As we enter 2011, we are hearing more about something called price-level targeting. It clearly has something to do with monetary policy, but...
Thursday, December 30, 2010

Economics in Fiction: Two Post-Christmas Book Reviews

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Anyone who has studied a little economics knows that popular fiction usually avoids economic themes, and if it does not, butchers them. Yet ...
Sunday, December 19, 2010

U.S. Ethanol Subsidies: A Bad Policy That Refuses to Die

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U.S corn farmers and ethanol distillers are among those celebrating passage of last week's tax bill. A little-noticed provision of the l...
2 comments:
Tuesday, December 14, 2010

Does Argentina's "Nike Effect" Hold Lessons for Europe?

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What happens when a country faces forced austerity, a banking crisis, a risk of sovereign default, and pressure to abandon a currency peg it...
3 comments: