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The Mundell difference | VOX, CEPR Policy Portal

Paul De Grauwe The opening sentence of Robert Mundell’s 1963 paper “Capital mobility and stabilization policy under fixed and flexible exchange rates” one of the two most influential in a series of pathbreaking papers he published in the late 1950s and early 1960s is curious: “The world is still a closed economy, but its regions and countries are becoming increasingly open.” “Still”? Was Mundell thinking of a future with interplanetary trade, so that eventually the world as a whole wouldn’t be a closed economy? OK, he probably wasn’t, but if he was, it would have been in character. Mundell, who passed away on 4 April, was an economist ahead of his time.

New yorkUnited statesUnited kingdomBritish columbiaJude wanniskiMargaret thatcherRudiger dornbuschPeter kenenRobert mundellPaul de grauweRudi dornbuschMichael mussaRon mckinnonMilton friedmanJames meadePrinceton international finance section

Xi Jinping & Party Associates, Inc - EL RUIDO Y LA FURIA - Blogs -- Revista de Libros

Xi Jinping & Party Associates, Inc - EL RUIDO Y LA FURIA - Blogs -- Revista de Libros
revistadelibros.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from revistadelibros.com Daily Mail and Mail on Sunday newspapers.

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Closer to $2 trillion | Left, Right & Center

MORE President Joe Biden and Vice President Kamala Harris receive a presidential daily briefing from the Director of National Intelligence Avril Haines, the Vice President’s National Security Adviser Nancy McEldowney and National Security Adviser Jake Sullivan Friday, Jan. 22, 2021, in the Oval Office of the White House. Photo by Adam Schultz/Official White House Democrats are much closer to passing the nearly $2 trillion relief package President Joe Biden has proposed. A Republican pitch for a much smaller package doesn’t look to be going anywhere. The White House says doing too little is way riskier than doing too much, but economist Larry Summers is worried the package is too big and will endanger efforts to spend later on infrastructure. Who is right?

United statesWhite houseDistrict of columbiaMarco rubioMike leeSara fayMarjorie taylor greeneElizabeth warrenJeff bezosAaron sorkinJoe bidenJosh barroRudi dornbuschOren cassHelen andrewsSteve king

Detailed text transcripts for TV channel - CNN - 20170802:04:49:00

think mother nature is more persuasive than any of us. and by the way, it is, unfortunately, getting worse and, you know, a few years from now, it s going to be easier, still, to convince people, unfortunately. but we re running out of time. we re in a race against time because the longer we wait to really take hold of this, the greater the risk we run that we ll cross some of these tipping points that will bring consequences that we would wish we did not have to run. you know, you talk about solar, why does the u.s. only get about 1% of its electricity right now from solar? i mean, if it s so great. well, it s increasing rapidly, and the big change in the cost reduction has come just in the last few years, and where technology particularly is concerned, also politics sometimes, there was a great economist who died a few years ago, rudi dornbusch, and he said this. he said, things take longer to happen than you think they will,

Mother natureUnited statesRunning out of timeTipping pointsSolar energyCost reductionRudi dornbusch