From Foxnews:
Wisconsin Gov. Scott Walker is calling for steep cuts to the University of Wisconsin System, while offering the network more freedom in exchange, … [H]is university plan … would cut funding by $300 million over two years…
Source: Berger-Fisher (2013).
Two extremely useful books on China and the Chinese Currency: The Oxford Companion to the Economics of China and Renminbi Internationalization: Achievements, Prospects, and Challenges.
In December I provided some simple calculations of the extent to which a slowdown in the growth of global oil demand may have contributed to the spectacular drop in oil prices since last summer, and I updated those estimates two weeks ago. Some of you have suggested that as conditions keep changing, perhaps I should update those calculations every week. Thanks to the always-helpful Ironman at Political Calculations, I can now go that a step better, and provide eager Econbrowser readers a quick tool they can use to update these calculations on their own on a daily basis, if your heart so desires.
Reader rtd writes: “…it is virtually guaranteed that after a nation’s business cycle trough, that same nation’s employment growth will display an upward trend”, but when asked about the euro area, argues “The Eurozone is a conglomerate of nations with varying fiscal policies, ideologies, cultures, and the list goes on and on. Please don’t compare apples with hand grenades.”
Reader Move On admonishes me to … move on. So here is job creation in this Administration, in comparative perspective.
According to WI DWD statistics released today.
Today we are fortunate to have a guest contribution by Jinzhao Chen (Paris School of Economics) and XingWang Qian (SUNY Buffalo State). This post is based on this paper.
Today we are fortunate to have a guest contribution written by Timothy Bian (University of International Business and Economics, China) and Pedro Gete (Georgetown University).
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From the IMF:
Global growth will receive a boost from lower oil prices, which reflect to an important extent higher supply. But this boost is projected to be more than offset by negative factors, including investment weakness as adjustment to diminished expectations about medium-term growth continues in many advanced and emerging market economies.
The Swiss National Bank stunned markets on Thursday with an abrupt decision to abandon its commitment since 2011 to hold the Swiss franc at 1.20 francs/euro, as a result of which the franc appreciated almost 20% within the space of a few minutes.