Thomas Grennes is a professor of economics at the North Carolina State University and a former visiting faculty member at the Stockholm School of Economics in Riga. His research has dealt with various aspects of international economics, including open economy macroeconomics, international finance, and international trade in agricultural products. Recent research topics have included macroeconomic aspects of the Great Moderation, offshore outsourcing, sovereign wealth funds, and the relationship between government debt and economic growth. Earlier work dealt with emerging market issues in the Baltic countries and Russia and trade and macro policies in Sub-Saharan Africa. Economic history topics include the Columbian Exchange of plants and animals, the effects on food markets of introducing mechanical refrigeration, and the integration of Tsarist Russia into the world grain market. When he is not involved in economics, he enjoys mountain hiking.

Recent Blog Posts by Thomas Grennes

• Air Traffic Control and Negative Airports May 14th, 2013
• Population Dynamics in the New EU Member States: It’s All About Relative Income Levels April 29th, 2013
• The Overdue U.S. Immigration Reform April 9th, 2013
• Will the Boom in U.S. Energy Production Bring Back Manufacturing Jobs? March 14th, 2013
• Another Look at Ricardian Equivalence: The Case of the European Union February 28th, 2013
• Does US Fiscal Policy Stabilize or Destabilize the Economy? February 2nd, 2013
• Is this Time Different for the US? January 17th, 2013
• A Reinsurance Approach to the Single Resolution Mechanism December 6th, 2012
• The U.S. Is Sliding Down an Investment Slope November 26th, 2012
• This Time Might Indeed Be Different For World Trade October 29th, 2012
• A Hippocratic Oath for Bank Regulators: Do No Harm October 9th, 2012
• Can The Fed Kill Two Birds With One Stone? September 16th, 2012
• The Evolving Euro September 12th, 2012
• What Do Central Banks Do Best? September 5th, 2012
• How Fast Is the Boat to China? August 28th, 2012
• How Fast Is the Boat to China? August 28th, 2012
• The Elephant in the Room in the EU Competitiveness Debate August 15th, 2012
• The Elephant in the Room in the EU Competitiveness Debate August 15th, 2012
• Is ECB’s Refusal to Go Beyond its Mandate a Policy Failure? August 6th, 2012
• Is ECB’s Refusal to Go Beyond its Mandate a Policy Failure? August 6th, 2012
• Is Germany Übercompetitive and Should it Accept Higher Inflation? July 18th, 2012
• Is Germany Übercompetitive and Should it Accept Higher Inflation? July 18th, 2012
• Applying the Modigliani – Miller Theorem of Capital Structure to Governments: Why ‘Blue Bonds’ Are Not the Silver Bullet to Kill the Eurozone Debt Crisis June 28th, 2012
• Applying the Modigliani – Miller Theorem of Capital Structure to Governments: Why ‘Blue Bonds’ Are Not the Silver Bullet to Kill the Eurozone Debt Crisis June 28th, 2012
• Regaining Competitiveness While Maintaining a Currency Peg – the Case of Latvia June 24th, 2012
• Regaining Competitiveness While Maintaining a Currency Peg – the Case of Latvia June 24th, 2012