What explains sluggish business investments?

Germán Gutiérrez and Thomas Philippon from NYU Stern published another interesting NBER working paper this week: Continue reading What explains sluggish business investments?

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China needs to choose

Almost recovered from a trip to China last week. Actually it was my first time in East Asia. Seeing the impressive economic growth that happened in China close-by is simply amazing. We spent most of the time in Hangzhou–a city with 8 million inhabitants. When you consider that this is a small town for Chinese standards you’re left amazed even more. Continue reading China needs to choose