Sovereign Debt Crisis in Europe Recalls the Lost Decade in Latin America
In many ways, the European debt crisis is reminiscent of Latin America's experience in the 1980s, characterized by a period of high growth interrupted by an external shock. But there are some notable differences.
Does More Financial Development Lead to More or Less Volatility?
Since the financial crisis, many have speculated that as a financial sector becomes more developed, volatility can become excessive.
Sovereign Default and Economic Performance in Oil-Producing Economies
Because oil-producing countries do hold public debt and do default, we must understand how oil reserves and production affect risk and economic performance.
Lagging Long-Term Wage Growth
The long-run trend of average wages has consistently failed to keep pace with overall economic growth.