…markets are inherently local, and so different real estate markets can behave very differently. The following picture shows the 6-month change in house prices in several “hot” housing markets, with…

Some interesting developments in the foreign exchange markets in the last couple of days, according to the Financial Times: The US dollar was sharply lower on Tuesday after South Korea…

…strong dollar policy,” Bush said. Ok so far. Then Bush went on to repeat the phrase that markets have come to believe signals the policy of benign neglect. “We believe…

…in concentrated markets. – “Berkeley health care economist James C. Robinson studied the prices hospitals charge insurance companies (and, by extension, insured patients) for different procedures. In concentrated markets, the…

…The Times article continues: In the same essay, he argued: “If we make all of the people good, markets will be good. If markets are bad, which they are, that…

…of industrial subsidies, deregulation of labor markets, balanced budgets and low inflation. This philosophy — later known as the Washington Consensus — was the basis of advice the International Monetary…

…ultimately be the case that greater stability and growth at home depends on international coordination.” Financial markets will continue to grow in the emerging markets as well as frontier markets,…

…debate reveals the shifting landscape of national policymaking when global capital markets become more synchronized. The classic monetary trilemma (or “impossible trinity”) is based on the work of Robert Mundell…

by Sandwichman Noah Smith: “Why the 101 model doesn’t work for labor markets” At Noahpinion: A lot of people have trouble wrapping their heads around the idea that the basic…

A note about the financial markets The markets are closed today in observation of former President George H.W. Bush’s funeral. In the meantime, let me offer a brief few observations…