Category: Uncategorized

Financialization Part I- What Is Financialization?

by on March 10, 2015 5:29 am
By: Andrew Granato One of the most important macroeconomic trends of the past several decades is financialization. Financialization is the tendency in developed countries for the finance sector to take up an ever-increasing percentage of GDP. In the United States, this trend has been particularly pronounced: the proportion of finance in value-added GDP increased by… Read more Financialization Part I- What Is Financialization?

The Federal Budget and the Long-Term Fiscal Deficit

by on March 2, 2015 5:28 am
By: Andrew Granato In recent years, the federal deficit has fallen significantly, from about 10% of GDP in 2009 to only a projected 2.6% this year. (The raw number for the deficit is the number usually quoted in the news, but really, it’s the debt-to-GDP ratio that matters. It’s not difficult to pay back a… Read more The Federal Budget and the Long-Term Fiscal Deficit

Greek Tragedy

by on February 23, 2015 5:26 am
By: Andrew Granato Recently, the headline economic news has been, once again, the economic situation inGreece, whose resolution was kicked down the road (once again) by a four-month extension of the Eurogroup bailout. A brief recap of the situation: of all the countries to become trapped in the Eurozone crisis, Greece was the hardest-hit. Some statistics from… Read more Greek Tragedy

Divestment and the Global Economy

by on February 19, 2015 5:25 am
By: Avner Kreps This past Tuesday, the ASSU decided to pass a controversial resolution to recommend to the board of trustees to divest from a select group of companies. These companies, maintains the Stanford Out of Occupied Palestine (SOOP)-initiated resolution, “caus[e] substantial social injury by violating international humanitarian law in the Occupied Palestinian Territories.” Most… Read more Divestment and the Global Economy