We study the roles of globalization and structural change in the evolution of international GDP comovement among industrialized countries over the period 1978-2007. In recent decades, trade ...
Many observers suggest that the "globalization" of the U.S. economy has changed the behavior of inflation. This essay examines this idea, focusing on several questions: (1) Has globalization reduced ...
The U.S. has very high corporate profits, very high asset prices, very high fiscal deficits, very high trade deficits, and very low wages versus history, notes Deutsche Bank. Does something have to ...
The U.S. Federal Reserve is considering additional rate cuts this year, according to Richmond Fed President Tom Barkin. However, the potential effects of new policy initiatives from the Trump ...
Publicis had net cash of EUR 0.9 billion (EUR 3.6 billion cash and EUR 2.7 billion in debt) at the end of 2024, with debt/EBITDA at only 1. This is fairly conservative leverage. We believe the company ...