As the unemployment rate continues to climb during the current recession, we frequently hear and read in the financial news that unemployment is a lagging indicator, destined to continue rising aft...
Originally published in 1994, this three part series is an early publication regarding the use of stochastic tools to assess the business value of information technology and strategies for its depl...
We hear people asking six basic questions.
1) What is really happening?
2) How did this recession come about?
3) Who is responsible for this recession?
4) Is the government following the right ...
The persistent decline in macroeconomic volatility, known as the “Great Moderation,” is the result of both structural changes in the economy and better monetary policymaking. Structural changes in...
I sent the following as an open letter-cum-diatribe-cum-epistle to Demerara Distillers Ltd. of Guyana, a producer and distributor of rums, in reaction to their ongoing actions against my father.
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U.S. Business cycle expansion and recession data from 1854 to 2001 are examined to develop new empirical equations for recession and expansion portions of business cycle duration. Super-recessions ...
When it comes to economic downturns, some people believe what goes down must come up again. A scientist applying this logic to physics would say they got it backwards. Any economist with a grasp on...