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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.

Banking 10
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What Brazil's New President Faces

Harvard Business Review

Dilma is likely to preserve the macroeconomic policies consolidated in the last 16 years and accountable for delivering an estimated 7.0% Dilma is likely to preserve the macroeconomic policies consolidated in the last 16 years and accountable for delivering an estimated 7.0% growth in the Gross Domestic Product in 2010.

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Carlos Ghosn, Nissan, and the Need for Stronger Corporate Governance in Japan

Harvard Business Review

Since 2002, listed Japanese companies were permitted to have three board committees— audit, compensation and nominating. By contrast, the laws of most advanced industrial countries require the board to be composed of a majority of independent directors, who are interviewed and recommended by its nominating committee.

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Who Should Actually Have Say on Pay?

Harvard Business Review

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. So paying bank CEOs mostly in stock is a recipe for a financial crisis. Since say-on-pay hit the U.S. That''s not all it is, though.

Hedge 8
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An Approach to Ending Poverty That Works

Harvard Business Review

We tested different approaches and in 2002, we began deploying a new set of interventions now known as the “graduation” approach, which provides these women with a host of services and benefits to move them out of ultra-poverty and eventually into sustainable livelihoods.

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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. stock exchanges in 2002 to identify causation rather than mere correlation.

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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 primary season. years in 2009. years in 2014.

Hedge 8