The U.S. isn’t broke, and the dollar isn’t in danger of collapse even after unprecedented stimulus measures enacted following the worst financial crisis since the Great Depression, according to Capital Economics Ltd.
Nobel Prize-winning economist Joseph Stiglitz said today the U.S. needs more fiscal stimulus to aid the economy and that more unconventional monetary easing by the Federal Reserve would do little to spur the recovery.
A highly unusual collaboration between economists and scientists offers an important insight for those who want to fix the world’s crisis-prone financial system: There’s no simple way to understand a complex network.
Columbia University professors Joseph Stiglitz and Glenn Hubbard agree that income inequality is a concern. They disagree over what’s behind it and how best to tackle it, in a dispute that has spilled beyond the halls of academia and onto the presidential campaign trail.
After a brief lull, the strain in the fractious relationship between India’s Finance Ministry and its central bank, the Reserve Bank of India, is back. India’s annual budget ritual last month, in which Finance Minister Palaniappan Chidambaram presented the country’s economic and fiscal policy, provided a brief respite.
Nobel Prize-winning economist Joseph Stiglitz said the election of Mitt Romney as president in November would “significantly” raise the odds of a recession because it would herald a shift to a much tighter budget.