…total capital (these must be equal under Judd’s assumption that the state neither borrows nor accumulates a sovereign wealth fund). Investors maximize an intertemporal utility function with rate of imaptience…

…multinationals are dependent on bank financing in their origin countries to finance their expansion. In addition, inward FDI was negatively linked to upturns in sovereign yields in both the origin…

…of Bowie’s oeuvre had provided a level of patronage that’s inconceivable for a musician of Bowie’s bent today…he spent the Nineties as a free agent, jumping from label to label,…

…high cost of American health care. I begin by explaining the origin and meaning of the “single payer” label. I will then describe the two defects in S 1129 in…

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…

…higher lifetime income of the household without student loan debt; though the indebted household begins their careers earning more, their income falls behind that of the debt-free household by its…

…arbitrary and much larger measure that includes debt the government owes to itself.) Debt Held by the Public is the almost-universally-accepted measure of “the national debt.” That would be perfectly…

…question — is public debt a burden on future generations. It is possible in theory that the answer is no and that higher public debt causes permanently higher consumption and…

…— household assets (including the market value of all firms’ equity shares) minus household sector debt. Debt is part (the negative part) of wealth. Still, it’s interesting to look at time…

…that persistently low interest rates imply that households will be able to manage student debt plus mortgage debt. I stress I am not advising people with student debt to buy…