Harvard Business Review
APRIL 9, 2012
current account deficit, which measures the gap between what the country takes in from export income, investment income, and cash transfers and what it pays out, peaked at nearly 6% of GDP in 2006 and was down to 3.1% of GDP in 2011. But it will be the end of the remarkably free-wheeling era in global finance and U.S.
Harvard Business Review
JANUARY 7, 2014
Not long after Alan Greenspan stepped down as Federal Reserve chairman in 2006, global financial markets began to unravel. I tried to get Greenspan to talk me for my November HBR article on economics and finance since the crisis , but he said he’d promised his publisher to keep mum until the book was out, which was too late for my purposes.
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Harvard Business Review
JANUARY 4, 2013
Bush's Council of Economic Advisers in 2006. Meaning that you can never get truly scientific answers out of GDP or unemployment numbers. As for Lazear, he got himself appointed chairman of President George W. And then, well, things didn't go so well. I tend to think it doesn't apply for macroeconomics in general.
Harvard Business Review
JUNE 12, 2012
Just like Ireland, Spain had a credit boom financed mostly with external debt, which meant that the balance sheets of their banks are now stuffed with bad debts as asset values collapse. And yet in the run up to the collapse in 2007, the combined asset footprint of the three main Irish banks was around 400 percent of GDP.
Harvard Business Review
SEPTEMBER 10, 2015
As a result, tech-sector employment has declined as a percent of the workforce, from 11% in 2006–2008 to 9% in 2013. At nearly 4% of GDP , Israel spends more on R&D — public and private combined — than any nation in the world.) They spend more time on strategy, go-to-market, business development, and financing.
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