Word: economice
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“She’s a highly competent, highly numerate, extremely skilled individual who has both good budgetary sense and good political judgement,” said Economics Professor James H. Stock, who serves on the Governor’s Council of Economic Advisors and worked with Kirwan...
We get it. The sharp economic downturn barely scratches the surface of the Harvard bubble when you compare it to “real” problems.
It's no secret that Michigan is enduring the most extreme effects of the nation's economic crisis: its unemployment rate stands at 15.3%, and the state is functioning on a temporary budget as legislators rush to close a $2.8 billion deficit. In recent years, the financial situation here has...
During the dark days of the global credit crunch a year ago, policymakers around the world had a generally easy time coordinating decisions. As asset prices tanked, lending dried up and growth shriveled, governments and central banks were forced to take similar steps - pump up fiscal spending and slash interest...
Yet what sounds so simple on paper will be far more complicated in the real world of economic policymaking. The problem is that the upturn isn't as synchronized as the downturn. Countries are emerging from recession at different speeds, with each facing its own special mix of inflationary pressures...