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Economic Inequality in America

By Dr. Hassan Shirvani–The impressive body of empirical evidence recently furnished by the French economist Thomas Piketty and his associates clearly demonstrates that there is a worsening trend of income and wealth inequality in America.  This trend, in effect since the  beginning of the 19th century, managed to take a breather in the first half of the…

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Does the U.S. Government Debt Fit in a Bucket?

By Dr. Pierre Canac —Nobody will disagree that $12.8tn is a large and potentially scary number! That is the U.S. Gross Federal Debt held by the public at the end of 2014. However, if you divide this number by the U.S. Gross Domestic Product which is $17.7tn, we get about 73%. Is this a large…

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Oil and Gas Industry: Good Advice from WEN Speaker

By Carolina Quintana Sanchez —Earlier this month, CSB and UST students joined Women’s Energy Network (WEN) guest speaker, Jeannie Gardner, who has more than 20 years of experience in the Oil and Gas Industry. She provided an insightful view on low oil prices, its impact on the energy industry, and gave practical advice to the audience.…

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Liquidity Traps: Old and New

By Hassan Shirvani—- The concept of a liquidity trap, introduced by the British economist John Maynard Keynes during the Great Depression of the 1930s, refers to the situation in which monetary policy becomes largely impotent in lowering interest rates to stimulate additional borrowing and spending in the economy. This can result from the fact that…

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Is it Time for Europe to Call in the Helicopter?

By Dr. Pierre Canac–   “Let us suppose now that one day a helicopter flies over this community and drops an additional $1000 in bills from the sky, …. Let us suppose further that everyone is convinced that this is a unique event which will never be repeated,” (Friedman 1969, pp 4–5). In one of…

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Negative Interest Rates: Unusual and a Difficult Phenomenon to Explain

With respect to interest rates, we live in a very interesting and indeed historical time. In some European countries, nominal interest rates are negative (while they are close to zero in the United States). A short while back this was thought to be impossible. Until it actually happened, it would have been difficult to imagine…

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Investor Sentiment and Global Exchange Traded Funds

By Dr. Gulfem Bayram — The exchange traded funds (ETFs) are securities that track stock indexes, commodities, or baskets of assets, and they are traded on stock markets just like individual stocks. These unique securities have become increasingly popular in recent years as they offer greater diversity and flexibility for individual investors. Rapid Growth of…

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My CSB Experience: Reflections of an International Student

By Siyi (Gillian) Tian— I’m getting a well-balanced educational and cultural experience from the Cameron School of Business at UST. I am an international student from China, and there are a lot of international students from other countries in the CSB as well. We all have our own subcultures, and so attempting to assimilate into…

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A Primer on Keynesian Economics

By Dr. Hassan Shirvani —Before John Maynard Keynes published his General Theory of Employment, Interest, and Money in 1936, the prevailing view among most economists was that modern economies are characterized by perfectly competitive markets, in which flexible prices and wages cleared all markets and, hence, ensured continuous full employment. Pointing to the Great Depression…

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La Paradoja que Es Colombia

Escrito Por Dr. Roger Morefield –- Bienvenidos a la “Nueva Colombia” (Read this post in English) Basado en el Ingreso Nacional Bruto per cápita (INB), Colombia llena los requisitos del Banco Mundial que la catalogan como un país de ingreso medio alto. Aun así, todavía tiene características de un país en desarrollo de bajos ingresos.…

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