…Obstfeld and Rogoff, the question of why some central banks fix the value of their currencies and others do not is less well understood. Jeffry Frieden’s Currency Politics provides a…

…will only state briefly at this time, is that archaic ideology resonates with the two characteristic and predominant features of late capitalism: the hypertrophy of “factitious values” and the exaltation…

…value as they are vandalized and stuff. But for another required returns on risky investments are huge compared to the sort of shifts in expected inflation which are being discussed….

…profitable for those countries that are net holders of equity. But the situation changes during a crisis. The decline in the value of equity liabilities raises the NIIP of the…

…is to grossly inflate the value of the so-called postal monopolies as an excuse for the privatization of elements of the delivery infrastructure. The UPS petition is clearly a part…

…that the value of government goods are services are being overestimated by this method. (You can see Tyler Cowen doing it here.) That makes no sense to me. What would…

…threats in 1940. He is absolutely right that the value of improved health care is huge compared to the measured value (measured at cost). But it is just silly to…

…satisfy the constraint of the trilemma. Second, there is no simple relationship between a central bank’s policy interest rate and the foreign exchange value of its currency. Exchange rates, like…

…these quantities in value terms. This brings us to the obvious problem that the marginal product of the value of the physical capital as a determinant of the rate of…

…find a scheduled yearly benefit of $33430. Since the numbers in the table are given as constant 2017 dollars, I assumed the “real” value of the benefit would not change…