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How Economics PhDs Took Over the Federal Reserve

Harvard Business Review

What wasn’t really up in the air was whether the new head of the world’s most powerful central bank would have a doctorate in economics. government securities to keep interest rates down — in the process generating lots of monetary stimulus — and kept dictating monetary policy after the war. History has not judged his tenure well.

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What Alan Greenspan Has Learned Since 2008

Harvard Business Review

Not long after Alan Greenspan stepped down as Federal Reserve chairman in 2006, global financial markets began to unravel. The boom-bust tendencies of Wall Street mean we need tougher capital requirements for banks, Greenspan now says, and maybe even a forced return to the partnerships that once dominated investment banking.

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What Brazil's New President Faces

Harvard Business Review

In March 2008, Lula convened his political marketeer João Santana and Dilma to present his overall plan of making Dilma his successor. Financial markets, historically sensitive and nervous during elections, watched with unusual calm the battles between Dilma and Serra. growth in the Gross Domestic Product in 2010.

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Who Should Actually Have Say on Pay?

Harvard Business Review

One key reason for shareholders'' positive tone is that the stock market has been doing well. To a large extent, say-on-pay — which was introduced in the UK in 2002 and has spread to several other countries, most recently Switzerland — is a simple exercise in bandwagon-following. That''s up from 69% in 2012 and 2011.

Hedge 8
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The Answer to Short-Termism Isn’t Asking Investors to Be Patient

Harvard Business Review

These arguments have proven highly influential and led to several policy proposals to encourage long-term holdings – so-called “patient capital” France’s Loi Florange doubles investors’ voting rights after two years. An investor can outperform the market by simply waiting to collect the dividend.

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An Approach to Ending Poverty That Works

Harvard Business Review

” Microfinance and other market-based interventions don’t generally reach them. ” Dozens of governments are now looking at ways to integrate graduation programming into their social protection policy and efforts. At BRAC , where I work, we call this subset the “ultra-poor.”

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Yes, Short-Termism Really Is a Problem

Harvard Business Review

With Hillary Clinton’s tax proposals to encourage longer-term investing , the debate over whether American business is too fixated on the short term has moved from the dimly lit offices of earnest policy wonks into the klieg lights of U.S. years in 2002 to 7.2 The markets relentlessly demand profit growth this quarter.

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