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CAMBRIDGE – The phenomenal market volatility of the past year owes much to genuine risks and uncertainties about factors such as Chinese growth, European...
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CAMBRIDGE – Since 2016 began, the prospect of a major devaluation of China’s renminbi has been hanging over global markets like the Sword of...
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Until recently, the usual thinking among macroeconomists has been that short-term weather fluctuations don’t matter much for economic activity. Construction hiring may be stronger...
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CAMBRIDGE – One of the biggest economic surprises of 2015 is that the stunning drop in global oil prices did not deliver a bigger...
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Nothing describes the United States Federal Reserve’s current communication policy better than the old saying that a camel is a horse designed by committee....
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More than ever, the French economy is at the center of the global debate about how far one can push the limits of state...
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The brilliant new Hollywood movie “Pawn Sacrifice” portrays the life of tormented chess genius Robert James “Bobby” Fischer from his early days as a...
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What impact will China’s slowdown have on the red-hot contemporary art market? That might not seem like an obvious question, until one considers that,...
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The International Monetary Fund’s acknowledgement that Greece’s debt is unsustainable could prove to be a watershed moment for the global financial system. Clearly, heterodox...
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DRESDEN – To what extent should governments regulate or tax addictive behavior? This question has long framed public debate about alcohol, tobacco, gambling, and...