In this second installment of commentary summarizing my recent European trip, I recap key takeaways from a conference held by the Polish Economics Association. The daylong symposium was heavy on demystifying criticisms of the country’s economic transformation spanning the past quarter-century.
One down, two to go. In October, the House of Representatives passed a resolution to lift the ban on U.S. crude oil exports. The Senate may do the same, but President Obama has threatened to veto. Lifting the ban will raise the fortunes of U.S. manufacturers, but here are five myths that need to be addressed
Were it not for the looming prospect of the first increase in the Federal Reserves’ influential federal funds target in more than nine years, the November jobs report could almost be considered status quo. At 211,000, net payroll emp
Global Economy, Economic Environment, Growth & Innovation, Research & Development, Research, Innovation
While measuring potential GDP—the maximum output achievable without provoking inflation—is not an exact science, it is clear that U.S. potential has slowed significantly since the 1980s and 1990s. Slower labor force growth and productivity are causing the sluggishness, although it is likely that government statistics do not accurately account for several types of 21st-century innovation.