What the heck is going on with the global economy? If you’ve been following news about things other than Ebola, you’ve likely picked up on the following: –New worries about the rate of global growth have led to all sorts of market volatility. –Declining rates of interest and inflation both here and in Europe reflect… Read more
Yes, that title puts not too fine a point on it. But I stand by that claim. I stand by it in the cross-section. I stand by it over time. I stand by it with a fox…I stand by it in a box…whoops…ignore that last bit. As my CBPP colleague Danilo Trisi shows in a… Read more
Where the “hole” is wage stagnation. Over at PostEverything.
The big story in tax inversion land is that despite their full-speed-ahead plans of a few weeks ago, the American big-pharma firm AbbVie might not acquire the Irish drug maker Shire. According to the NYT: If the merger were to fall apart, it would be the biggest casualty of new tax rules aimed at inversion… Read more
Looking at the connection between full employment, trade deficits, and the dollar as a reserve currency. Exploring the debate around wages and technology. Responding to Paul Krugman on trade deficits as a barrier to full employment. Pondering the impact of the sharp decline in budget deficit. Reviewing Ed Kleinbard’s new book, We Are Better Than This: How Government Should… Read more