Showing results 21 - 30 of 201
| Kenneth Rogoff
March 30, 2021, Opinion: "Today, it seems to be an article of faith among US policymakers and many economists that the world’s appetite for dollar debt is virtually insatiable. But a modernization of China’s exchange-rate arrangements could deal the dollar’s status a painful blow." …
| Carmen Reinhart
March 30, 2021, Paper: "Today, more than half of low-income countries eligible for relief under the Debt Service Suspension Initiative are either in debt distress or at high risk. Several emerging markets have either recently restructured (Argentina and Ecuador) or remain in default (Lebanon, Surinam, and Venezuela). In this context, this column reviews some of the features of external sovereign debt restructurings. It shows that default spells…
| Jason Furman
March 26, 2021, Video: "To counter the effects of the coronavirus pandemic, the Biden administration has passed an economic stimulus package, the American Rescue Plan, that is unprecedented in size and scope. At a size of $1.9 trillion, it aims to offer economic relief to the majority of Americans and to provide financial support for the expansion and acceleration of vaccination efforts. Because of its enormous sum, the package is meeting…
| Jeffrey Frankel
March 24, 2021, Opinion: "America erred in 2009-10 in curtailing the size and duration of the fiscal expansion in the aftermath of the Great Recession. Regardless of who was responsible for that mistake, President Joe Biden is right to make sure it isn’t repeated now."…
| David Ellwood
March 23, 2021, Opinion: "The American Rescue Plan Act of 2021, perhaps better known as the $1.9 trillion COVID relief bill, contains an expansion of the child tax credit. Previously, parents were eligible for a credit of $2,000 per child. Parents can now receive up to $3,600 per child under age 6 and $3,000 per child ages 6-17. Another major change is that the credit can be paid out in advance by the IRS in monthly payments of $300 and $250,…
March 21, 2021, Video: "Ricardo Hausmann is a former Venezuelan Minister of Planning and Head of the "Presidential Office of Coordination and Planning" (1992–1993) and current Director of Harvard's Center for International Development and a Professor of the Practice of Economic Development at John F. Kennedy School of Government at Harvard University. Hausmann earned a Bachelor's degree in Engineering and Applied Physics (1977) and a PhD in…
| Lawrence H. Summers
March 20, 2021, Video: "Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor, thinks that we are seeing the least responsible macroeconomic policy in forty years. He disagrees with Paul Krugman's thoughts on how long it takes inflation expectations to become unanchored. He joins David Westin on "Bloomberg Wall Street Week." Watch Via Bloomberg…
March 19, 2021, Audio: "Business won’t save the world, but — according to Harvard economist Rebecca Henderson — it can help fix it. Henderson, author of Reimagining Capitalism in a World on Fire, became preoccupied with the harshness of the free market after watching manufacturing plants shut down in England in the 1980s when they proved unable to adapt to evolving markets. Since then, she has been animated by the question of how to build a more…
| Stephen Marglin
2021, Book: "What is this book about?--Part one. Background: The rise and fall-- Introduction: Is this resurrection necessary?--What were they thinking?-economics before the general theory--Part two. Keynes defeated-static models and the critics.… " Purchase through Harvard University Press…
| Dani Rodrik
March 7, 2021, Opinion: "Understanding the advantages and limitations of economists’ methods clarifies the value they can add to analysis of non-economic questions. Equally important, it underscores how economists’ approach can complement but never replace alternative, often qualitative methods used in other scholarly disciplines."…