Tag: Economists
Milton Friedman, the Prizefighter | The New Yorker
In 2002, three months after Milton Friedman turned ninety, a celebratory conference was convened at the school that had become synonymous with his ideas. Ben Bernanke, then a member of the Federal Reserve’s Board of Governors, delivered a talk at the University of Chicago on “Depression and Recovery.” It had been thirty-nine years since Friedman published “A Monetary History of the United States,” his blockbuster account of how the Fed’s missteps caused the Great Depression, and twenty-five years since he
Victor R. Fuchs, „Dekan“ der American Health Care Economists, stirbt im Alter von 99 Jahren
Er war einer der ersten, der eine umfassende Erklärung und eine mögliche Lösung für die steigenden Gesundheitskosten des Landes lieferte.
source site
Some industries might have no future in Germany, economists say – EURACTIV.com
While the availability of cheap green electricity will determine where industrial production sites are most lucrative, Germany would not be well-advised to try and keep all energy-intensive industries in the country with a subsidised electricity price, government advisers say.
Once considered an industrial powerhouse, among key economies, Germany performs the worst in terms of economic growth, with a negative real GDP growth of -0.3% predicted for 2023, according to a new IMF estimate that is making the rounds in the
Why So Many COVID Predictions Were Wrong
Updated at 12:13 p.m. ET on April 7, 2022.
As many prominent policy makers reckon uncomfortably with persistent inflation after months of forecasting that the phenomenon would be transitory, I’ve started making a list of other pandemic predictions about the economy that never materialized. There was the eviction tsunami and the “she-cession” and the housing-market crash, and you can’t forget the state- and local-government deficit explosion. In each case, expectations set by economists, policy makers, advocates, and businesses have
Is Larry Summers Really Right About Inflation and Biden?
With retail prices surging, wages failing to keep up, and the Federal Reserve moving to raise interest rates, Larry Summers, the Harvard economist and former Treasury Secretary, seems to be everywhere. Last week, Ezra Klein, the Times columnist, featured Summers on his podcast. Summers is also an economic commentator for Bloomberg News, and he writes columns for the Washington Post. In one of his latest articles, he declared, “The Fed’s current policy trajectory is likely to lead to stagflation
How 10 Economists Think About the Economy Potentially Overheating
Olivier Blanchard, senior fellow at the Peterson Institute for International Economics and former chief economist of the International Monetary Fund
I shall plead Knightian uncertainty. I have no clue as to what happens to inflation and rates, because it is in a part of the space we have not been in for a very long time. Uncertainty about multipliers, uncertainty about the Phillips curve, uncertainty about the dovishness of the Fed, uncertainty about how much of the $1.9 trillion package