The Positive Effects of the New Tax Bill Are Already Being Seen.
It’s not popular right now to question conventional wisdom on sheltering in place, but Dr. Bhattacharya makes a strong case for challenging it, based in economics and science.
Even if there is such a thing as real appreciation of the ruble and if it takes some time for the real appreciation of the ruble to percolate through the economy, the magnitude of the changes over the past year does not warrant the conclusion that a major culprit in Russia's slowing growth is real ruble appreciation.
The financial crisis of 2008 devastated the American economy and caused U.S. policymakers to rethink their approaches to major financial crises. More than five years have passed since the collapse of Lehman Brothers, but questions still persist about the best ways to avoid and respond to future financial crises.
Getting the Macroeconomic Balances Right? Or Achieving High Growth? Are the Two Compatible in Russia?
Increasing the share of private income in GDP is the quickest path to higher growth. So long as the network of enterprise socialism enjoys its subsidy and self-subsidy powers, Russia will be hard pressed to turn in sustained high growth.
Some economists can’t see mankind for the math. The latest Nobel Prize went to two who focus on how humans actually behave. By David R. Henderson.
February 24, 2014