…seem excessive—with the significant exception of China. Global stock markets, on the other hand, continue to set new records. The U.S. cyclically adjusted price earnings ratio has reached a level…

…past week (although the market rose more in percentage terms in Obama’s first year than it did in Trump’s first year). But, of course, stock markets are famous for buying…

…markets such as PredictIt and Almanis, which allow participants to gamble on the probability of a future event happening based on the value of shares that fluctuate with each transaction,…

…Since buffer stock work functions are governed by exchange value, a job guarantee would compete with the private sector in both input (labor and capital) markets and output markets. Insomuch…

…continuing predominance of the dollar in international financial markets. Dollar-denominated credit to emerging market economies, for example, rose by 10% in 2017, driven primarily by a rise in the issuance…

…Kessler examine several reasons for the relative silence. The one which seems most relevant is the stance of U.S. businesses towards China. For many years, these firms viewed Chinese markets…

…housing markets (and it should be kept in mind that these are local so varied and not all behaving similarly). The centerpiece of his argument is that the average nominal…

…Frankel’s six predictions were: 1) market volatility would increase (presumably across many markets), one I expected and that clearly has come true; 2) the stock market would fall, which I…

…communist). In any case, I recognise the type over here in Rome (not just in my home town Washington DC) The book is “The Economists’ Hour: False Prophets, Free Markets,…

…interest rates. If domestic bank rates are regressed on the policy rate in the emerging markets, the pass-through is less than complete, whereas the pass-through is almost complete in the…