Child Labor Statistics
The New Growth Economics
Growth economics has emerged because of the growing recognition that the economic models created in the Industrial Age dominated by commodity goods production no longer adequately explain growth in an economy powered by knowledge and innovation.
While Keynesian and supply-side economics focused in an almost Newtonian way on adjusting the demand or supply of capital and labor to keep the economy in equilibrium, growth economics … [ Read more ]
Content: Article | Author: Robert D. Atkinson | Source: Blueprint | Subject: Economics | Industry: Government
Secrets of the Temple : How the Federal Reserve Runs the Country
Content: Book | Author: William Greider | Subjects: Economics, Finance | Industry: Finance / Banking
Russia’s Middle Class
Measuring Globalization
“Unsatisfactory” is the word that best describes the contemporary debate over globalization. There seems to be a consensus that globalization – whether economic, political, cultural, or environmental – is defined by increasing levels of interdependence over vast distances. But few people have undertaken the task of actually trying to measure those levels of interdependence. For instance, how do we determine the extent to which a … [ Read more ]
Content: Article | Sources: Foreign Policy, Kearney | Subjects: Economics, International
Inside the Bank of Japan
Although focused on a time-sensitive issue, this article offers some insight into some serious and important issues regarding the role of a central bank in peculiar economic circumstances. Some of the proposed solutions are very thought-provoking. Also an interesting profile of Masaru Hayami, governor of the Bank of Japan and some of the history of the current troubles with Japan’s economy.
Content: Article | Author: Brian Bremner | Source: BusinessWeek | Subjects: Economics, International – Asia | Industry: Government
Globalization Graphics
The New Old Economy: Oil, Computers, and the Reinvention of the Earth
“The New Economy is based on the production of knowledge. The Old Economy is based on natural resources and the production of physical goods. Now the line between them is beginning to blur. A New Old Economy is making productivity surge and ushering in an Age of Plenty.”
Excellent article looks specifically at the Oil industry and how it has moved into the modern technology era. … [ Read more ]
Content: Article | Author: Jonathan Rauch | Source: The Atlantic Monthly | Subjects: Economics, Trends / Analysis | Industry: Petro / Chemical
The Relationship Between the Federal Funds Rate and the Fed’s Federal Funds Rate Target
ABSTRACT – It is widely believed that the Fed controls the funds rate by altering the degree of pressure in the reserve market through open market operations when it changes its target for the federal funds rate. Recently, however, several economists have suggested that open market operations may not be necessary for controlling the funds rate. Rather, they suggest that the Fed controls the funds … [ Read more ]
Content: Article | Author: Daniel L. Thornton | Source: Federal Reserve Bank of St. Louis | Subjects: Economics, Finance
Jokes About Economists and Economics
Just as the title suggests…
Content: Online Resource | Sources: JokEc, NetEc | Subjects: Amusement / Leisure, Economics
Does the Progressivity of Taxes Matter for Economic Growth?
ABSTRACT: A sizeable literature has argued that the growth effects of changes in flat rate taxes are small. In this paper, we investigate the relatively unexplored area of the growth effect of changes in the tax structure, in particular, in the progressivity of taxes. Considering such a tax reform seems empirically more relevant than considering changes in flat tax rates. We construct a general equilibrium … [ Read more ]
Content: Article | Authors: Elizabeth M. Caucutt, Krishna B. Kumar, Selahattin Imrohoroglu | Source: Federal Reserve Bank of Minneapolis | Subjects: Economics, Taxation | Industry: Government
The Dynamic Relationship Between the Federal Funds Rate and the Treasury Bill Rate
ABSTRACT: This article examines empirically the dynamic relationship between two key US money market interest rates – the federal funds rate and the 3-month Treasury bill rate. Using daily data over the period 1974-1999, we show that a long-run no-arbitrage relationship exists between these two rates. This relationship is shown to be remarkably stable across monetary policy regimes of interest rate and monetary aggregate targeting. … [ Read more ]
Content: Article | Authors: Daniel L. Thornton, Lucio Sarno | Source: Federal Reserve Bank of St. Louis | Subjects: Economics, Finance | Industry: Finance / Banking
Case Studies in Economic Sanctions
From the Institute for International Economics, Case Studies in Economic Sanctions presents, at present, eight in-depth case studies of the effects of economic sanctions in countries including Cuba, Libya, Pakistan, Iran, India, and Myanmar. Each case study is presented in three compact pages beginning with a detailed timeline of the history of the sanctions. The second page offers more information, including the chronological goals of … [ Read more ]
Content: Online Resource | Source: Institute for International Economics | Subjects: Economics, International | Industry: Government
The Death of Economics
Content: Book | Author: Paul Ormerod | Subject: Economics
Ecuador: Greenback Magic?
Article offers an overview of the issues involved with dollarization, especially in Latin America.
Content: Article | Author: Ian Katz | Source: BusinessWeek | Subjects: Economics, International – Americas
A Whole New Currency Game
This BusinessWeek article argues that the foreign exchange markets have shifted their dominating reliance on central bank actions (specifically interest rate interventions) to also consider equity markets and global M&A activity.
Content: Article | Author: Stanley Reed | Source: BusinessWeek | Subjects: Economics, Finance
Dr. Ed Yardeni’s Economics Network
According to Forbes, “If you want big-picture perspective on markets and the economy, check out Deutsche Bank Securities Economist Dr. Edward Yardeni’s site for everything from historical interest-rate data to trends in consumer spending and real estate.” This site, offered in 7 major languages, has 6 major sections: Economics, Economic Indicators, Investmets, Products, Centers, and the superb (IMHO) Charts section. Too much to … [ Read more ]
Content: Online Resource | Author: Ed Yardeni | Subjects: Economics, Finance
FRED, an Economic Time-Series Data Base
This site, a part of the Federal Reserve Bank of St. Louis, Louis provides consumers, students, economists and financial institutions around the world with economic and financial information in an easy-to-use format. Specifically, it provides historical U.S. economic and financial data, including daily U.S. interest rates, monetary and business indicators, exchange rates, balance of payments and regional economic data.
Content: Online Resource | Source: Federal Reserve Bank of St. Louis | Subjects: Economics, Reference / Search
Ignore That Rate Curve
Though somewhat dated (Feb ’00) this interesting article is useful for the larger question it raises about the power of the yield curve as an economic indicator.
Content: Article | Author: Mike McNamee | Source: BusinessWeek | Subjects: Economics, Finance
Promoting Growth in Sub-Saharan Africa: Learning What Works
This pamphlet presents the results of an empirical analysis of the factors affecting economic growth in sub-Saharan Africa, using data for the period 1981-97 and a sample of 32 countries. The empirical work involved the estimation of a growth equation to identify the key determinants of per capita real GDP growth, including economic variables that reflect the influence of economic policy changes as well as … [ Read more ]
Content: Article | Authors: Anupam Basu, Dhaneshwar Ghura, Evangelos A. Calamitsis | Source: International Monetary Fund | Subjects: Economics, International – Africa