…moved lower virtually everywhere. Except in Japan, rates among the other foreign Group of Seven countries have declined notably more than have rates in the United States. So exactly why…

…I don’t think money growth is well correlated to GDP growth when exchange rates are unstable and money velocity is as variable as it has been since the 1971 departure…

…of the world near 95% of GDP so net foreign assets are near negative 25% of GDP. So does he suggest that net exports have to rise from their currently…

…vehicles as a share of GDP, however, have grown to over 1.2% of GDP. Detroit’s decline a generation ago did not begin from foreign competition but rather a decline in…

The BIS today issued the March edition of The BIS Quarterly Review. One of the interesting statistics contained in it is the fraction of foreign currency assets owned by international…

…Treasury official now at the University of Oxford, a dearer yuan would have a more significant effect on capital flows. At the moment, foreign capital is finding its way into…

…why anyone in the world would dislike the US, Bush typically answers that it’s because they “hate freedom”. When asked what his foreign policy plans are for the next four…

…on a more permanent approach for those it was unwilling to set free or turn over to U.S. or foreign courts, the Washington Post said in a report that cited…

…2002. SCHIAVONE: In search of a well-educated but cheaper workforce, plus foreign government enticements, the U.S. pharmaceutical industry has been shipping production jobs overseas only to reimport their goods back…

…of account” and “medium of exchange” don’t appear in the book. Since economics is all about monetary economies, this seems like a significant omission. Utility. The most fundamental construct in…