…boost investment in creditor economies and structural reforms to raise productivity in all euro area economies (through further liberalization of product and service markets and reforms to make labor markets…

Peter Dorman at Econospeak describes a common example of thought experiments on markets and externalities, and concludes with “More complex considerations that take into account dynamics, interaction effects and the…

…swings of volatility in the markets this week, but are we seeing a collapse of the markets due to instability? No… The understanding that advanced economies are sick is sinking…

The story hardly bears repeating: Pricing is the ultimate miracle of Darwinian markets. Competitors who produce goods at lower prices thrive, expand their operations, and produce more. Those who charge…

…Apart from there just being more debt, much of the debt in emerging markets is in US dollars. So if interest rates are normalizing in the US, there is a…

…wished. Former Federal Reserve Chair Alan Greenspan referred to the decline in U.S. long-term rates in 2005 as a “conundrum.” This problem is exacerbated in other countries’ financial markets, where…

…her part, closed her op-ed piece with this: Millennials like free markets, and most already accept that free markets have done more to lift the world out of poverty than…

…floating and virtually everything in between. While many countries do not intervene in the currency markets, others do, so there is a case for a reserve currency. But perhaps more…

…problem for the Fed. First, if the markets are right, the limited firepower problem will be acute. Second, credibility. Remember, forward guidance works through market participants altering their expectations. At…

…do with productivity, new consumer wants, unsatisfied needs, labor costs, government policy, self-adjusting markets, history and inevitability, and the devious motives of proponents. To be kind, the rationales are opportunistic….