Written by Steven Hansen
We may be near the trough for the weak data period. There is no analytical basis for this statement - but it does have a basis in logic. After all, the decline in the rate of economic growth began in January 2015 - and we will soon be comparing the current data to the soft 2015 growth.
November 17th, 2015
in aa syndication
by Gianluca Benigno, Nathan Converse and Luca Fornaro, Voxeu.org
Appeared originally at Voxeu.org 11 October 2015
In the aftermath of the Global Crisis, policymakers have adopted policies to limit, or at least manage, capital inflows. This column explores episodes of capital inflows coupled with weak productivity growth, in other words, the financial resource curse. The findings show that once access to foreign capital subsides, the initial boom gives way to a recession. Both investment and employment in the manufacturing sector drop, and the larger the decrease of labour in manufacturing, the sharper the following contraction.
November 15th, 2015
by Elliott Morss, Morss Global Finance
We hear a lot about how expensive higher education has become. The common wisdom is that higher faculty salaries and a growing cadré of administrators are the reasons why. The common wisdom is wrong. In this, the first article in a series on college/university finance, the real reasons for higher costs are presented.