…on the emerging markets and not enough on the volatile capital flows that can overwhelm their financial markets. Capital outflows—particularly those large outflows known as “sudden stops”—are often attributed to…

…and withdraw from the markets. Once market participants realize that prices have peaked, flight from the markets becomes widespread. As prices plummet, a period of “revulsion” or panic ensues. Those…

…No one denies that increased imports can disrupt labor markets, but this has viewed as a transitional cost that could be absorbed. But recent economic studies by widely respected economists…

by Peter Dorman (published originally at Econospeak) Why You Should Never Use a Supply and Demand Diagram for Labor Markets You would know this if you read your Cahuc, Carcillo…

…You Should Never Use a Supply and Demand Diagram for Labor Markets You would know this if you read your Cahuc, Carcillo and Zylberberg, but you probably won’t, so read…

…more expensive to service and refinance. The emerging markets are among the nations adversely affected by the rise in U.S. interest rates. Several recent research papers have shown how global…

…consumption doesn’t come close to explaining our wealth accumulation. Do the asset markets know better? In national accounting, there are two ways of estimating what all our real-world stuff is…

Peter Dorman at Econospeak takes a look at economics and models. (Re-posted with authors consent) How to Think About Aggregate Labor Markets The remarkable Tyler Cowen has me scratching my…

…of JPY at incrementally higher rates to be able to sell $1B USD at the higher JPY level.) The liquidity of the “markets” is facilitated by algorithmic trading: the seller…

…Swap Execution Facilities (SEFs). Part 1 is here, Part 2 here. What is most amazing, if you didn’t pay attention to the markets, is how few actual transactions occur in…