The author emphasize just how important international capital flows are to the United States. He sheds some light on trade issues by exploring the intimate connections between international trade and international capital flows.
When the chips are down. Cities and rural counties alike are increasingly looking to casino gambling to boost employment and growth. The author examines when that bet pays off and when it doesn't.
Unemployment: separate and unequal. Economic forecasters and policy advisors look closely at unemployment. The authors suggest that regional differences deserve a closer look when calculating the country's overall "natural" rate of unemployment.
The psychology gap. In their models, economists assume people plan their lives rationally. Psychologists show that people rely on loose rules of thumb to predict the future. In this article, the authors discuss the gap.
The EMH and the SVAR. The authors add to the literature on structural vector autoregression models by showing that, if it includes one or more variables efficient in the strong form of the efficient market hypothesis, the identifying restrictions frequently imposed in SVARs cannot be satisfied.
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