Can Germany and Japan be reinvigorated? THEY are the world's' second-and- third-large- economies. Measured at market exchange rates, Japan and Germany together make up about 20% of global output. And they are both in a mess

The From The Economist print edition One of the world's main currencies is heading for a fall Get article background THE world has a new international currency: frequent-flyer miles. Launched exactly 21 years ago, they are a lot like money. Collectors check their mileage statements as

The title of this paper is a play on that of an admirable recent book by the philosopher Daniel Dennett, Darwin's Dangerous Idea: Evolution and the Meanings of Life(1995). Dennett's book is an examination of the reasons why so many intellectuals remain hostile to the idea of evolution through

The Man Who Took My Job: A NAFTA Journey By Dan Baum Originally published in Rolling Stone April 27, 200 David Quinn spent what President Clinton calls the longest period of economic growth in our entire history\tumbling down the economic ladder-from having a shot at being the first in his family

Bureau of Labor Statistics, non-farm employment peaked in March, 2001, at 132.5 million. In June, 2004, almost three years into an \economic recovery,\total non-farm employment was 131.1 million. It is also an undisputed fact that many American businesses are choosing to relocate production to places like

Title Game Theories http://walrusmagazine.com/article. pl?sid=04/05/06/1929205 On-line fantasy games have booming economies and citizens who love their political systems. Are these virtual worlds the best place to study the real one?

An Elder Challenges Outsourcing's Orthodoxy By STEVE LOHR t 89, Paul A. Samuelson, the Nobel Prize-winning economist and professor emeritus at the Massachusetts Institute of Technology, still seems to have plenty of intellectual edge and the ability to antagonize and amuse

Home What's New| Site Map Site Index International Monetary Fund Search About the IMF IMF at Work IMF Finances Country Info News Publications The IMF Strikes Back Espaniol Francais By Kenneth Rogoff Economic Counsellor and Director of the Research Department

Home What's New Site Map Site Index International Monetary Fund Search About the IMFIMF at Work IMF Finances Country Info News Publications An Open Letter By Kenneth Rogoff Economic Counsellor and Director of Research. International Monetary Fund To Joseph Stiglitz

A sketch of a proof for why fiscal policy does not work under flexible exchange rates (by special request from Messrs. Eubank and Heidlage) The easiest way to show that fiscal policy does not work under flexible exchange rates was the one we covered in class on Monday!