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Initial Claims Remain Very Low; Minor Revisions to First-Quarter GDP
Initial claims remain very low in May, but revised data still show a poor performance for private domestic demand in the first quarter. Though economic data are still somewhat mixed, some recent positive signs are emerging.
READ MORETrade Wars: A Real-Life Game of Thrones
Unlike marvelously created made-for-television episodes where someone usually emerges victorious, in trade wars, everyone loses.
READ MOREThese are Not Just Opinions
Financial Exclusion is my nineteenth book and the vetting, editing, and publishing processes with AIER far surpassed those of the commercial and university presses I have published with previously.
READ MOREAre Financial Crises Driven By Supply Or Demand Shocks?
In a new NBER working paper, Felipe Benguria and Alan M. Taylor consider whether financial crises usually stem from the demand or supply side of the market.
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