Although the study uses some sophisticated statistical methods, its basic point is straightforward: in the long term, economic output (G.D.P.) is constrained by the quantity and the quality of economic inputs (labor, capital, and technology). If the growth rate and quality of these inputs decline, the potential growth rate of G.D.P. will fall, too—it’s just a matter of arithmetic.
Bruce Bartlett: The Fed Should Stop Paying Banks Not to Lend - NYTimes.com - 0 views
Has the U.S. Economy Been Permanently Damaged? : The New Yorker - 0 views
-
-
With hiring rates down, many workers have given up searching for jobs and have dropped out of the labor force.
-
With budgets tight, corporations and government departments have cut back on investments in new plants and machinery, computer hardware and software, and research and development.
- ...7 more annotations...
Efforts to Revive the Economy Lead to Worries of a Bubble - NYTimes.com - 0 views
-
The Federal Reserve is well into its third round of “quantitative easing,” in which it buys longer-term assets to bring down long-term lending rates.
-
In March, a smaller percentage of working-age people were actually working than at any other time since 1979.
-
In March, a smaller percentage of working-age people were actually working than at any other time since 1979.
- ...6 more annotations...
ECB Resisting Calls to Cheapen Euro as Currency War Rages - SPIEGEL ONLINE - 0 views
-
The central bank chief is coming under increasing pressure because he can't quite bring himself to embrace the concept of quantitative easing, the latest fashion in the world of finance. It involves central bankers engaging in the large-scale purchase of bonds issued by their governments and other securities, thereby injecting huge sums of money into the financial system. In this way, they hope to stimulate the domestic economy and keep their own currencies cheap, thereby strengthening exports.
-
The country is in the process of "boldly rebuilding" monetary policy, Prime Minister Shinzo Abe declared. Indeed, the Japanese yen has lost 12 percent of its value against the dollar in the last two months.
-
The US central bank, the Federal Reserve Bank, has also been printing money to a previously unimaginable extent since the financial crisis. Calling its efforts QE 1 and QE 2, the Fed has pumped more than a trillion dollars into the US economy.
- ...1 more annotation...
U.S. Ports Seek to Lure Big Ships After Panama Canal Expands - NYTimes.com - 0 views
-
But, he said, containers loaded on the West Coast, which has built up its container yards and highway and rail infrastructure, can outrun those that travel to the East Coast by water, and that can make the difference when speed and dependability are more important than cost alone
-
Besides, he added, costs and fees can shift; Panama can be expected to raise rates for canal passage, and “the railroads are not going to sit idly by” and let the water route undercut their business.
-
After Hurricane Katrina, Gov. Haley Barbour of Mississippi trumpeted plans for a “port of the future” at Gulfport with a 50-foot-deep channel, redirecting some $600 million in federal housing disaster funds on a project he pledged would spur the economy and create bountiful jobs.
- ...1 more annotation...
1 - 7 of 7
Showing 20▼ items per page