…in Detroit
Here is striking photo of a pile of by-product of processing Canadian tar sands oil, from NY Times:
Sovereign debt concerns in 2013
Interest rates on government debt for a number of European countries– notably Greece, Portugal, Ireland, Italy, and Spain– shot up considerably during 2010-2012. Those yields have fallen significantly from their peaks, though these five countries still face higher borrowing costs than most other countries in Europe.
George Akerlof on the Response to the Financial Crisis and Great Recession
In a blogpost taking stock of the IMF conference on lessons from the crisis, the Nobel laureate distills the lessons learned.
Crowding Out Watch, Heritage Edition
The Heritage Foundation’s Salim Furth writes:
How Fannie Mae made its profit
Mortgage buyer and insurer Fannie Mae was in the news again this week.
The Multiplier in Action
The impact of contractionary fiscal policies, from NY Times, based on Moody’s Analytics estimates.
Guest Contribution: “Addressing China’s macroeconomic imbalances through sectorial reforms”
Today we are fortunate to have a guest contribution written Hiro Ito (Portland State U.) and Ulrich Volz (U. London SOAS and DIE). This article is based Ito and Volz (RIE, 2013).
The soaring stock market
Broad market indicators like the S&P500 have been making all-time nominal highs. What’s the significance of that for investors and the economy?
Semester’s Coda
Crowding Out Watch, Continued
The end of the semester has arrived, and as I prepared my last lecture, I checked to see how the government deficits had impacted yields. Real yields were pretty much as they were when the semester began in January.
Heritage Assesses the Ever-Expanding Ever-Centralizing Federal Government Sector
In a graphically interesting discussion of the April employment situation release, James Sherk and Salim Furth write: