Job reallocation is an important determinant of productivity. This column uses US data to show that a decline in the degree of job reallocation in response to shocks is behind the overall fall in the rate of reallocation over the past decades.
Read more...A case study in teaching modern money to a progressive who unknowingly has swallowed neoliberal economic ideas.
Read more...A discussion about the Bank of England raises questions about the role of central banks generally.
Read more...As businesses finally start telling the press they are worried about Brexit, the press is still not coming to grips with key issues.
Read more...Why framing the political struggle in Italy as mainstream versus populist shifts focus away from the most important issue, Eurozone reform, where the battle is mercantilists versus Keynesians.
Read more...Why robots, and not “bots,” may have been responsible for Trump’s win.
Read more...What might a win in the July 1 presidential election by the charismatic, anti-neoliberal Andres Manuel Lopez Obrado mean for Mexico and the US?
Read more...How “financial repression,” as in negative real interest rates, whacked Italy and boosted Spain.
Read more...Some observations about the Trump-China spat.
Read more...Why Germany is not the solution to the Eurozone’s woes.
Read more...The election of a right-wing, populist government in Italy exposes the economic and democratic shortcomings of the European project and its nationalist rivals.
Read more...How reforms by Argentina’s President Macri helped kick off a currency crisis.
Read more...Bernanke engages in a new episode of ideologically motivated economic prognostication.
Read more...RadioShack stores are coming back from the dead, um, bankruptcy.
Read more...The World Bank and IMF say developing economies can’t afford to have strong labor laws. Actually, they can’t afford not to.
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