US Debt, War Finance and Playing with Fire

US Debt, War Finance and Playing with Fire

In August financial markets and economic journalists concentrate on what central bankers say at the Jackson Hole gathering hosted by the Federal Reserve Bank of Kansas. After Jackson Hole attention will then shift to the Federal Reserve Board’s Open Market Committee...
Migration, productivity, living standards, and all that

Migration, productivity, living standards, and all that

Migration is generally considered to be positive for productivity and living standards. Motivated workers usually younger than the average of the native workforce boost the labour supply, increase productivity and support demand in the economy. In a study published...