EconoMonitor

Ed Dolan's Econ Blog

Archive for December, 2010

  • U.S. Ethanol Subsidies: A Bad Policy that Refuses to Die

    U.S corn farmers and ethanol distillers are among those celebrating passage of last week’s tax bill. A little-noticed provision of the law extends ethanol tax credits ($.45 per gallon, plus a bonus for small producers) and tariffs on ethanol imports ($.54 per gallon), previously set to expire at the end of 2010. Should the rest of us also celebrate? I think not.

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  • Does Argentina’s “Nike Effect” Hold Lessons for Europe?

    What happens when a country faces forced austerity, a banking crisis, a risk of sovereign default, and pressure to abandon a currency peg it has sworn to be eternal and unbreakable? Several European countries are in this position today, but there is nothing really new about it. It’s all happened before, most recently in Argentina in the winter of 2001-02. So what became of Argentina? Are there any lessons there for today’s Europe?

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Ed Dolan Ed Dolan's Econ Blog

Edwin G. Dolan is an economist and educator with a Ph.D. from Yale University. Early in his career, he was a member of the economics faculty at Dartmouth College, the University of Chicago, and George Mason University. From 1990 to 2001, he taught in Moscow, Russia, where he and his wife founded the American Institute of Business and Economics (AIBEc), an independent, not-for-profit MBA program. Since 2001, he has taught at several universities in Europe, including Central European University in Budapest, the University of Economics in Prague, and the Stockholm School of Economics in Riga, where he has an ongoing annual visiting appointment. During breaks in his teaching career, he worked in Washington, D.C. as an economist for the Antitrust Division of the Department of Justice and as a regulatory analyst for the Interstate Commerce Commission, and later served a stint in Almaty as an adviser to the National Bank of Kazakhstan. When not lecturing abroad, he makes his home in San Juan Islands, Washington.

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