You know the much-ballyhooed theory that high national debt always correlates to crappy economic growth? The one that’s trotted out on a regular basis by politicians arguing for austerity budgets and ...

Austerity has become almost like a four-letter word in some circles. It’s used to describe policies meant to reduce government spending and debt that may be painful in the here and now -- measures ...

Thomas Herndon, 28, in his third year of economics grad school, did not expect his class assignment to shake the underpinnings of global austerity. (Courtesy of UMass Amherst) 'Economics is normative ...

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Fabrizio Carmignani receives funding from the Australian Research Council for a project on the estimation of the piecewise continuous linear model and its macroeconomic applications. The economic ...