Economic resilience may require countries to sacrifice some efficiency to ensure access to critical goods in times of crisis, Kim Ruhl writes in F&D magazine.
Economic revolutions have always been followed by powerful backlashes on the part of the aggrieved. AI might spark the worst yet, writes @adwooldridge (via @opinion)
Economic models of sovereign debt typically treat debt like it is from private sources: Impatient, unforgiving. Our @cristinarellano & @Leo_BarretoV model the reality that "official" lenders step in during a debt crisis leading to very different outcomes.
Economic Data Next Week
Monday: Dallas Fed Manufacturing Index
Tuesday: CB Consumer Confidence Index, JOLTS Jobs Openings
Wednesday: ADP Employment Change, ISM Manufacturing PMI
Thursday: Nonfarm Payrolls, Unemployment Rate
Friday: None scheduled, stock market closed for the July 4 holiday.