Monthly Archives: February 2010

Let Greece Go to the IMF

Europeans are saying that the members of the eurozone or the EU have to bail out Greece, that this is better than having the IMF do it. Senior figures in Brussels apparently feel that the latter alternative is unthinkable. I … Continue reading

Posted in Emerging markets, Euro, Europe, International Monetary Fund | Tagged , , , | Leave a comment

Limit Tax Expenditures

The National Tax Journal asks for views on a recent proposal from Len Burman . I couldn’t agree more with the idea: we need to limit tax expenditures. With regard to the politics, one would have to see whether the … Continue reading

Posted in Budget, Conservatives and Liberals, Financial Crisis | Tagged , , | Leave a comment

Lag in Job Numbers Behind GDP Growth is No Worse than in Past Recoveries

At first glance, the job numbers of the last week seem to offer a mixed and confusing picture. On the one hand, today’s headline from the Bureau of Labor Statistics certainly sounds like good news: the unemployment rate finally dropped … Continue reading

Posted in Labor Market, Recession | Tagged , , | Leave a comment