…single target, such as an inflation target. Policymakers in emerging markets who must deal with the consequences of policies in advanced economies have been particularly mindful of their spillover effects….

…to the rule of law, a fair tax system and effective public debt markets. Among the private attributes are large and liquid capital markets and openness to foreign capital flows….

…Like many others—maybe Fourcade and maybe you—I was misdirected for years by the standard economic protestation that positive analysis is one thing and normative something altogether different. Analyzing how markets…

by Joseph Joyce Can Globalization Be Reversed? The wide-scale imposition of tariffs by the Trump administration is part of a larger effort to undo the expansion of markets around the…

…debt issued by non-U.S. residents. The increase in such funding is particularly noticeable in emerging markets economies in Asia and Latin America. This debt includes sovereign bonds issued by governments…

…“Warren and Sanders are hardly identical progressives. They have different approaches to empowering the working class. In the simple terms, Warren wants to organize markets to benefit workers and consumers….

…sources I watch there has been a massive crop failure this year in the Democratic Peoples’ Republic (DPRK). The big issue there is if the local, semi-allowed private markets in…

…in the linkages of U.S. financial markets with those abroad. If these markets are integrated, then the natural rate of interest (r*) depends on foreign savings and investment as well…

…and that they frequently support harmful government regulation of markets because they do not know how markets work. As Hayek recognized, this puts economists in a difficult political position. Successful…

…that raise doubts about the value of government intervention in markets. Harold Demsetz argued that it is a mistake to call for government intervention simply because markets depart from perfect…