International Finance

    When capital markets are global, asset pricing is global. When money markets are global, the cost of funds is global. Globalization creates new opportunities and new constraints for both private and public borrowers. The question is how local institutions shape the effects of globalization.

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    Chanos: Is a big change underway in global capitalism?

    Milwaukee-born short-seller Jim Chanos, founder and managing partner of New York-based Kynikos Associates, teaches University of Wisconsin and Yale business students about corporate fraud. During his life and career, he has witnessed seismic shifts in economic thinking and the relationship between labor and capital. Chanos shares his thoughts on the world emerging from the election of Donald Trump and the tumultuous political events of 2016.  Read more

    The Trump Agenda and the Economic and Investment Outlook for 2017

    Dec 13, 2016 | 04:00—05:30

    China: Challenges for the Next Administration

    Nov 15, 2016 | 04:00—05:30

    The World Economy’s Growing Debt Burden

    Nov 2, 2016 | 04:00—05:30

    The “Natural” Interest Rate and Secular Stagnation: Loanable Funds Macro Models Don’t Fit the Data

    The main point of this paper is that loanable funds macroeconomic models with their “natural” interest rate don’t fit with modern institutions and data. Before getting into the numbers, it makes sense to describe the models and how to think about macroeconomics in the first place. Read more