Harvard Professor Martin Feldstein: Chile’s Uncertain Future
When I was in Chile earlier this month, I was impressed by the contrast between the palpable success of its long-standing free-market policies and the current agenda of its leftist president, Michelle Bachelet. More...
Bank of Israel slams tax cuts
Bank of Israel governor Karnit Flug opposed the tax Reductions. “surplus tax receipts should be used to reduce public debt, not to stimulate private consumption.”, she announced. Read More...
Crowdfunding Campaign Launched to Help Bailout Greece
– Talk about desperation! There is a new crowdfunding campaign on IndieGogo to raise the needed funds for Greece to pay off its debts. Its backers declare this to be “CrowdFunding a bailout fund for More...
‘Dr. Doom’ Nouriel Roubini: Emerging Markets After the Fed Hikes Rates
The prospect that the US Federal Reserve will start exiting zero policy rates later this year has fueled growing fear of renewed volatility in emerging economies’ currency, bond, and stock markets. The More...
Greece’s finance minister Yanis Varoufakis: Austerity Is the Only Deal-Breaker
A common fallacy pervades coverage in the world’s media of the negotiations between the Greek government and its creditors. The fallacy, exemplified in a recent commentary by Philip Stephens of the Financial More...
Harvard Professor Ricardo Hausmann: Austerity Is Not Greece’s Problem
When looking out a window, it is easy to be fooled by your own reflection and see more of yourself than the outside world. This seems to be the case when US observers, influenced by their own country’s More...
Daniel Gros, Director of Center for European Policy Studies: The Greek Austerity Myth
Since the anti-austerity Syriza party’s victory in Greece’s recent general election, the “Greek problem” is again preoccupying markets and policymakers throughout Europe. Some fear a return to More...