The long-run outcome of a permanent deficit
Recent views of viewing the real rate of interest
What's the surprise in money supply announcements?
Structural booms: why the South grows
Since the end of the 1991 recession, almost 27 percent of all new jobs in the United States have been created in the six southeastern states that make up the Sixth Federal Reserve District. What accounts for this strong relative economic performance in the region? ; This article examines the forces behind the South's economic strength and looks ahead at the course of its economic development in terms of three alternative approaches--the industrial base, the convergence, and the structuralist models. In evaluating the models' usefulness for thinking about why regions grow, the author finds the ...
A liberal discussion of financial liberalization
The federal budget deficit and the social security surplus