Word: krugman
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...Paul Krugman, a professor of economics at M.I.T., is the author of The Return of Depression Economics (W.W. Norton & Co.; $23.95), which was published...
...convince those terrified consumers to do that may be to persuade them that things are about to get much worse. That means printing money. Some economists, led by Paul Krugman of the Massachusetts Institute of Technology, think that inflation -? and, more important, the prospect of more inflation to come -? may provide the crucial incentive Japan needs. "By forcing prices up and eroding the value of the yen," says Baumohl, "you might convince people that whatever they?re going to buy, they?d better buy now, because in a month it?ll cost more." The same goes for saving -? why hoard...
...plan is not without advocates. The IMF?s prescription has so far been a spectacular failure; at this dismal point, what does Asia have to lose? MIT's Paul Krugman wrote in FORTUNE that such an admittedly desperate "Plan B" could be Asia's only way out, and when he learned Mahathir had apparently followed his advice, Krugman even wrote an open letter to the prime minister advising him of the many sinkholes along the path ahead...
...course succeeds, and Malaysia recovers, the rest of the region could follow his example and pull disastrously back from necessary economic reforms. At worst, the West could eventually be confronted with a China-led belligerent East -? and new Cold War for the 21st century. At best? Malaysia does as Krugman recommends: use the breathing room afforded by the plan to continue reforms and thus emerge with a hardier economy than before...
...Alan Greenspan, chairman of the Federal Reserve Board? As the man most responsible for adjusting interest rates, the magic numbers that underlie the whole world of getting and spending, he can certainly be said to influence events. Refrigerator sales and presidential approval ratings move when he moves. But Paul Krugman, a professor of economics at Stanford, argues that because Greenspan has not translated his thinking into the published theorizing that directs further thinking among other economists, he has no following, no Greenspanians. "There are people [at the Fed] who have enormous power," says Krugman. "But they probably have almost...