Clynton has a BA in economics, with a specialization in finance, and a master’s degree in economics from Universidad Francisco Marroquín, he graduated magna cum laude on both occasions.
He attended executive programs on managerial economics and corporate finance at Boston University, graduate courses in philosophy at Universidad Rafael Landívar (specializing in phenomenology), and the senior management graduate program at INCAE. Since 2002 he has taught economics and philosophy at Universidad Francisco Marroquín.
His articles on the philosophy of economics and critiques of the economy from a philosophical standpoint have appeared in academic journals. Clynton has led academic seminars for teachers at UFM on the work of Carl Menger, Milton Friedman, Karl Marx, and John Maynard Keynes. He has more than ten years of managerial experience in banking and financial companies in Guatemala, California, and Puerto Rico.
During the last seven years credit volumes did not grow as as in previous liquidity periods, despite having the federal reserve interest rates close to 0%. This means the US economy is not expanding.Click here to continue reading
Today, the central bank debate focuses on whether they should continue to use the inflation target as the main objective for monetary policies or if it should change to a nominal GDP target.Click here to continue reading
The annualized quarterly GDP is growing, but it has been growing at a lower rate since the third quarter of 2015. Commercial and industrial credit is growing at a rate of an economy that is not expanding.Click here to continue reading
We see that gold has appreciated at a composite rate of 3.33% for the time period in question. Fiat money saw a composite depreciation of 3.14%, which means that gold experienced a composite net return of 0.19% after inflation.Click here to continue reading
Typically, it is believed that a nation’s central bank is the resolute decider of the economy of its nation. In today’s day and age, in the political-economic establishment of international bureaucracies, it is easy to envision the end of the world for some nations without the central bank. The Federal Reserve is the central bank of the United States. It serves as a decentralized entity broken up into 12 districts across the country and a Board of Governors in Washington D.C. Founded in 1913, its decisions throughout history have always proven to be controversial.Click here to continue reading
Perhaps the most important theoretical topic concerning the economy as a discipline is attempting to explain the idea of economic cycles. In practical terms, an economic cycle is understood as being a periodic fluctuation in national income, employment and prices. Successful, and sometimes not so successful, attempts at an explanation have been made in both the media and academic worlds.Click here to continue reading
After 2008, commodity-producing countries experienced an economic boom that resulted in an ever-growing and sustained rise in prices. These price increases were unprecedented when analyzing the history of such commodities. In graph 1, it can be noted that both oil and rubber saw prices that hadn’t been seen in 30 years. Sugar also saw an increase in price but at a much more moderate rate. Is it reasonable to assume that during a time when global economies began an intense economic cycle, the prices of these commodities saw an increase of such proportions?Click here to continue reading
For some time now Guatemalans have vehemently discussed the idea of differential minimum wages as a measure to attract capital to regions where unemployment rates are higher. The debate seems to have lost its theoretical focus and turned into a political issue. In basic economic theory, differential minimum wages themselves are not addressed.Click here to continue reading
On December 29, 2015 Alejandro Maldonado’s government announced a minimum wage increase of 4% for agricultural and non-agricultural activities and 3.5% for export and “maquila” activities. Even though the public sectors workers and unions are celebrating this wage increase—they believe any increase is not enough—the minimum wage increase could be damaging for the general economy, particularly for private sectors.Click here to continue reading
The Federal Reserve, pursuing growth and unemployment objectives, will likely end the current federal funds policy close to zero at its next meeting. If the Federal Reserve increases the federal funds rate, following unemployment data and changes in last-minute credit, it would exacerbate the difference with the eurozone’s negative interest rates, and possibly, depreciate the euro against the dollar.Click here to continue reading
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