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Comments on the ‘Global Effects of Fiscal Stimulus During the Crisis’ by Charles Freedman, Michael Kumhof, Douglas Laxton, Dick Muir, Susanna Mursula
Douglas Laxton Dick Muir
2015/8/3
The paper by Freedman, Kumhof, Laxton, Muir, and Mursula makes effective use of simulations of a very
large macroeconomic model to estimate the impact of discretionary fiscal policies, including the ...
Individual Experience of Positive and Negative Growth Is Asymmetric:Global Evidence from Subjective Well-being Data
Economic Growth Business Cycles Subjective Well-Being Loss Aversion Business Cycles
2015/4/28
Are individuals more sensitive to losses than gains in macroeconomic growth? Using subjective well-being measures across three large data sets, we observe an asymmetry in the way positive and negative...
Presents an exchange of opinion between the two economists on theories expounded by one of them in his literary work "The Crisis of Global Capitalism," on the financial economics in the U.S. Suggestio...
GLOBAL IMBALANCES: A SOURCE OF STRENGTH OR WEAKNESS?
capital markets foreign investment relative rates
2011/9/16
The article explains the lower relative rates of return that foreigners have earned on their U.S. investments, which might reflect optimal decisions in efficient capital markets. Estimates show that f...
Evolution of Global Environmental Governance and the United Nations
global environmental governance policy approache capital markets sustainable development
2011/9/13
The article discusses the importance of global environmental governance in the development of multilateral environmental agreements catalyzed by the United Nations. It is stated that policy approaches...
Promoting global financial development: vive la différence!
financial services financial markets capital market infrastructure global financial services
2011/9/12
Deals with the promotion of financial services as global products. Approaches to developing financial markets; Difference between the spirit of a financial market development tool and the direct appli...
Reserve Accumulation: Implications for Global Capital Flows and Financial Markets
monetary policy global financial markets central bank balance sheet
2011/9/12
Examines the accumulation of foreign currency reserve assets and explore its implications for monetary policy, global financial markets and the U.S. economy. Explanation on the simplified central bank...
Disclosure as a Public Policy Instrument in Global Capital Markets
public policy instrument capital market securities law market integrity
2011/9/12
The article discusses selective aspects of disclosure in securities law and how it serves as a public policy instrument in global capital markets. It is reported that disclosure is a critically import...
Economic Growth, Climate Change, Biodiversity Loss: Distributive Justice for the Global
biodiversidad biodiversity cambio climático climate change
2011/9/11
Economic growth-the increase in production and consumption of goods and services-must be considered within its biophysical context. Economic growth is fueled by biophysical inputs and its outputs degr...
New Global Poverty Counts
Global Poverty
2009/9/1
The main objective of this paper is to compute an international poverty threshold based on the food requirement that ensures adequate calorie intake for the world’s poorest. The study proposes a new m...
