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Federal Reserve publishes its inaugural flagship financial stability report. Fed Chair Jerome Powell applauds both low inflation (2%) and low unemployment (
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In recent years, the current AI-driven stock market rally may or may not turn out to be another major asset bubble in global human history. For the pract
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Chicago finance professor Raghuram Rajan shows that free markets need populist support against an unholy alliance of private-sector and state elites. When a
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Joel Mokyr suggests that economic growth arises from a change in cultural beliefs toward technological progress. Joel Mokyr (2018) A culture
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Corporate cash management The empirical corporate finance literature suggests four primary motives for firms to hold cash. These motives include the tra
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Paul Morland suggests that demographic changes lead to modern economic growth in the current world. Paul Morland (2019) The human tide: how