…of GDP going to social spending (24.2%) than the EU average (26.9%). Countries with the highest percentages include some that have much less severe budget deficit problems, e.g. Germany, Sweden,…

…shows that in general, the longer the previous expansion, the less severe the shrinkage during the recession. There isn’t nearly as strong a relationship between the speed of economic growth…

…urge that we should just not, but it is not clear Congress has the guts to implement the kinds of severe changes that are needed here), should we allow them…

…this was the most severe drop in industrial production in the post WW II era and that recoveries are typically proportional to the decline, this implies that the recovery is…

…may try to continue pump-priming aggregate demand but if they do ecological catastrophe and other severe problems will continue to play out. They must stop blocking the urgently needed consolidation…

…get a big inflation problem, which could severely erode the tradeables sector. And you have all of these Chinese students all steeped in Chicago School monetary theory, coming home and…

Brad DeLong’s famous rule (Originally: “If you think Paul Krugman must be wrong, you severely overestimated Niall Ferguson“) needs a corollary. If Olivier Blanchard says your macroeconomic policy doesn’t work,…

…sure that an act was an attempted murder. In the real world, severe punishment for attempted murder would lead to locking up people whose aim was assault not murder. Indeed…

…panels and socialized medicine, and sheer inaction has left Americans exhausted, confused, and disgruntled. Americans are also bearing the severe consequences of deep recession and unemployment. Still, a majority of…

…as a result of severe winter weather in northern China. In many cities, fresh-vegetable prices have more than doubled in the past two months. But Helen Qiao and Yu Song…