Two weeks ago, the Trump administration presented a detailed version of one of Trump’s most important election promises: a tax reform. What are the consequences of Trump’s recent tax proposal for the US budget deficit and public debt?
Click here to continue readingGentrification is the new monster to be fought. The term already has such bad press, that almost no one is willing to say anything in its favor (defending gentrification and defending neoliberalism are now almost interchangeable). Can gentrification get a break? Find out more here.
Click here to continue readingWhat are the Eurozone’s riskier banking systems? Which countries should be concerned in the face of a possible contagion effect of the Italian crisis?
Click here to continue readingAs long as the stock market is booming, businesses get away with shady accounting practices. What do the recent cases of Netflix, Tesla and Alphabet suggest about what phase of the business cycle we are in?
Click here to continue readingThe US economy is growing at a 3% annual rate. But are things as they seem?
Click here to continue readingThis year Banxico will report operating losses and the Mexican government will no longer have another “gift” in 2018.
Click here to continue readingThe large traditional oil-producing countries — both OPEC and non-OPEC — are still catching up with the new reality. After deciding to extend the production cuts — agreed upon half a year ago — for another nine months, oil prices plunged below $50/barrel. Not quite the effect these oil giants were hoping for, but nothing out of the ordinary. After all, the fact is that supply and demand dynamics in the oil market have changed for good.
Click here to continue readingOne of the most interesting discussions in the field of monetary theory concerns the role central banks play in the economy. There are multiple views regarding different issues: from questioning the mere existence of the central bank to the actual role a central bank should take.
Click here to continue readingBeyond the behavior of speculators or OPEC—which some consider a cartel, if there is anything we can learn is that the fall in oil prices responds to the forces of supply and demand. On the demand side, lower economic activity throughout the world, specially in China, has lowered the price of oil. Projections by the International Energy Agency show how demand weakened in 2014, although it rebounded in 2016.
Click here to continue readingA lot has been written about the benefits of cryptocurrencies such as Bitcoin and blockchain technology. Blockchain technology will no doubt revolutionize the world. It should be no coincidence that one of our recent guests to Universidad Francisco Marroquín, Nick Szabo, has labeled blockchain technology “the Napster of finance.” While recognizing the value of cryptocurrencies and blockchain technology,
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