Word: economisters
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...earth when the Federal Reserve raised interest rates sharply to cool down an overinflating economy, the 1990s-style growth shows few signs of strain. To the contrary, a rare combination of price stability and moderate gains in the gross domestic product has made this upturn remarkably steady. Many economists say this tranquillity is owing to the Federal Reserve's strategy of tightening credit in the middle of the decade before prices could turn up. "Inflation is the lowest in 30 years, even though we are in the seventh year of an expansion," says Ed Yardeni, chief economist for Deutsche Morgan...
Talk about legs! After six years and counting, the marathon expansion of the U.S. economy is already the country's third longest on record, and many economists expect it to stride right into the 21st century. "This is truly the best business expansion in American history, and it's going to last at least until the end of the decade," predicts Allen Sinai, chief global economist for Primark Decision Economics. Such endurance would put the upturn ahead of both the 1960s and the 1980s on the pursuit-of-happiness scale...
Environmental economist Robert N. Stavins has received tenure as professor of public policy at the Kennedy School of Government, the school's dean, Joseph S. Nye Jr., announced in a press release...
Before coming to Harvard, Stavins was a staff economist at the Environmental Defense Fund in Berkeley, Calif...
DIED. STANISLAV SHATALIN, 62, witty economist who was a principal architect of "500 Days," the bold 1990 plan to convert the Soviet Union to a market economy, drafted at Mikhail Gorbachev's urging but dropped under pressure from Gorbachev's more conservative advisers; in Moscow...