President Obama’s 2011 State of the Union Address contained ringing language on corporate tax reform: Over the years, a parade of lobbyists has rigged the tax code to benefit particular companies and industries. Those with accountants or lawyers to work the system can end up paying no taxes at all. But all the rest are [...]
On February 2, India’s apex court, the Supreme Court ruled that the 2G telecom licenses granted by the Indian government in 2008 were arbitrary in nature and hence should be scrapped. According to the order, all of the 122 licenses that were granted by the Telecom Ministry under the stewardship of A Raja will have [...]
I’m directing a research project on the Fed’s bail-out of Wall Street and am periodically posting updates on the findings. Previously I’ve blogged the preliminary findings of two of my grad students, James Felkerson and Nicola Matthews and the first paper was finished a few weeks ago (my summary here http://www.levyinstitute.org/pubs/op_23.pdf; full paper here http://www.levyinstitute.org/pubs/wp_698.pdf) [...]
Thoughts:
From Foreign Policy: As the global elite gather for the World Economic Forum this week the topic of discussion is less about creating wealth for the less fortunate or helping the developing world — it’s about saving the core. Perhaps not surprisingly, economist Nouriel Roubini says don’t hold your breath, calling 2012 a year of [...]
It’s pretty easy to see through relative labor performance which economy is pursuing procyclical fiscal policy, namely deficits rise when the economy is booming and fall when the economy is contracting: the EA.
Edward Hugh
Don't Shoot the Messenger
Congratulations to Edward Hugh whose EconoMonitor blog was #14 on CBNC's NetNet list of best alternative financial and economic blogs. Edward is a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows. Edward is based in Barcelona, and is currently engaged in research on aging, longevity, fertility and migration, and the impact of all of these on economic growth.
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