Economia
Ótimo artigo de Raghuram Rajan, na Foreign Affairs:
"In fact, today’s economic troubles are not simply the result of inadequate demand but the result, equally, of a distorted supply side. For decades before the financial crisis in 2008, advanced economies were losing their ability to grow by making useful things. But they needed to somehow replace the jobs that had been lost to technology and foreign competition and to pay for the pensions and health care of their aging populations. So in an effort to pump up growth, governments spent more than they could afford and promoted easy credit to get households to do the same. The growth that these countries engineered, with its dependence on borrowing, proved unsustainable. Rather than attempting to return to their artificially inflated gdp numbers from before the crisis, governments need to address the underlying flaws in their economies. In the United States, that means educating or retraining the workers who are falling behind, encouraging entrepreneurship and innovation, and harnessing the power of the financial sector to do good while preventing it from going off track. In southern Europe, by contrast, it means removing the regulations that protect firms and workers from competition and shrinking the government’s presence in a number of areas, in the process eliminating unnecessary, unproductive jobs."
- Good Jobs, Higher Wages And An Unholy Combination
• We explore a new dataset on wages provided by CAGED, namely wages of newly admitted workers broken down by sector. This allows us to investigate further the dynamics of the labor market, which – as we have argued in our previous report – is the...
- Teorias Da Grande Estagnação
Kenneth Rogoff Innovation Crisis or Financial Crisis? CAMBRIDGE – As one year of sluggish growth spills into the next, there is growing debate about what to expect over the coming decades. Was the global financial crisis a harsh but transitory setback...
- Fim Do Jogo
Endgame: The End of the Debt SuperCycle and How It Changes Everything Greece isn’t the only country drowning in debt. The Debt Supercycle—when the easily managed, decades-long growth of debt results in a massive sovereign debt and credit crisis—is...
- Política De Austeridade Em Portugal
Portugal and the euro -The uncertainty societyTo escape from its troubles, Portugal will have to abandon many of the things that made them bearablePORTUGAL seldom matters much. It is a source of mild national irritation that the country is often sliced...
- Entrevista Com Gary Becker
Em entrevista no WSJ, Gary Becker revela ser "basicamente otimista", no que diz respeito à proteção de liberdades individuais. Alguns excertos da entrevista: I begin with the obvious question. "The health-care legislation? It's a bad bill," Mr....
Economia
As Lições da Grande Recessão
Ótimo artigo de Raghuram Rajan, na Foreign Affairs:
"In fact, today’s economic troubles are not simply the result of inadequate demand but the result, equally, of a distorted supply side. For decades before the financial crisis in 2008, advanced economies were losing their ability to grow by making useful things. But they needed to somehow replace the jobs that had been lost to technology and foreign competition and to pay for the pensions and health care of their aging populations. So in an effort to pump up growth, governments spent more than they could afford and promoted easy credit to get households to do the same. The growth that these countries engineered, with its dependence on borrowing, proved unsustainable. Rather than attempting to return to their artificially inflated gdp numbers from before the crisis, governments need to address the underlying flaws in their economies. In the United States, that means educating or retraining the workers who are falling behind, encouraging entrepreneurship and innovation, and harnessing the power of the financial sector to do good while preventing it from going off track. In southern Europe, by contrast, it means removing the regulations that protect firms and workers from competition and shrinking the government’s presence in a number of areas, in the process eliminating unnecessary, unproductive jobs."
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- Good Jobs, Higher Wages And An Unholy Combination
• We explore a new dataset on wages provided by CAGED, namely wages of newly admitted workers broken down by sector. This allows us to investigate further the dynamics of the labor market, which – as we have argued in our previous report – is the...
- Teorias Da Grande Estagnação
Kenneth Rogoff Innovation Crisis or Financial Crisis? CAMBRIDGE – As one year of sluggish growth spills into the next, there is growing debate about what to expect over the coming decades. Was the global financial crisis a harsh but transitory setback...
- Fim Do Jogo
Endgame: The End of the Debt SuperCycle and How It Changes Everything Greece isn’t the only country drowning in debt. The Debt Supercycle—when the easily managed, decades-long growth of debt results in a massive sovereign debt and credit crisis—is...
- Política De Austeridade Em Portugal
Portugal and the euro -The uncertainty societyTo escape from its troubles, Portugal will have to abandon many of the things that made them bearablePORTUGAL seldom matters much. It is a source of mild national irritation that the country is often sliced...
- Entrevista Com Gary Becker
Em entrevista no WSJ, Gary Becker revela ser "basicamente otimista", no que diz respeito à proteção de liberdades individuais. Alguns excertos da entrevista: I begin with the obvious question. "The health-care legislation? It's a bad bill," Mr....