Harvard Business Review

NOVEMBER 20, 2013

This instability meant that Japan was unable to iron out a national consensus on its reform plan, or implement reforms in the long run. Massive layoffs ensued, and the labor market turned flexible far too rapidly, with many formerly middle-class workers losing permanent contracts and reliable salaries. Economy Global business'

Consensus 8

Consensus Class Uncertainty Long-term 8

Harvard Business Review

JANUARY 4, 2013

"By almost any market test, economics is the premier social science," Stanford University economist Edward Lazear wrote just over a decade ago. The issue isn't that economists have nothing interesting to say about the crisis. nancial crisis suggest that this conceit may be more wishful thinking than reality.".

Tversky 9

Tversky Crisis Levitt Consensus 9

Harvard Business Review

APRIL 28, 2014

Financial economics adopted its own, narrower paradigm, in which the starting point was that the prices prevailing on financial markets were more or less correct (a belief that in those days went under the name Efficient Market Hypothesis, although the EMH is for the most part understood to mean something much narrower now).

Cooper 8

Cooper Finance Open-book Risk Management 8

Harvard Business Review

MAY 23, 2017

Shareholders have benefited greatly from bigger product markets, lower production costs, and the judicious use of head office domiciles to reduce tax bills. Since 1990, the market capitalization of multinational corporations has grown at more than three times the average rate of listed companies around the world, our research shows.

Politics 8

Politics Globalization Business Model Policies 8

Harvard Business Review

AUGUST 24, 2012

While the whole world has been adopting a pragmatic consensus on economic policy since the Great Recession, Europe — and Germany in particular — is stubbornly sticking to a policy that has all the downsides of the old classical gold standard. This already made one crisis solution — inflation — much harder to do.

Crisis 11

Crisis Policies Banking Politics 11

Harvard Business Review

OCTOBER 22, 2012

Before the financial crisis ushered in the current global economic downturn, there was a strong intellectual consensus among mainstream economists and policymakers about the merits of free trade. Did all this serve to prevent discriminatory and selective state intervention during the crisis era?

Crisis 8

Crisis Policies Globalization Analysis 8

Harvard Business Review

APRIL 18, 2012

Earlier this week, on April 16, the US nominee Jim Yong Kim was selected over Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo. Consider the differences in various shares of the top ten emerging markets in comparative perspective. But haven't we heard this before?

Globalization 11

Globalization Banking Restructuring Politics 11

Harvard Business Review

MAY 4, 2012

Investors reward companies (such as Apple and Kimberly-Clark ) whose current performance or guidance for the future exceeds market expectations, and they punish companies (as they did Starbucks and Procter & Gamble ) whose performance or guidance fails to meet expectations.

CFO 10

CFO Metrics Price Depreciation 10

Harvard Business Review

AUGUST 15, 2011

Sitting at an annual event on a well-known Alp, Chris saw Washington Consensus capitalism come up against emerging economy pragmatism. The "Asian Contagion" currency crisis that depressed Thailand, Indonesian, South Korean and other currencies by as much as 70% was not yet over. Larry Summers, then Deputy Secretary of the U.S.

Banking 11

Banking ROE Proposal Self-aware 11

Harvard Business Review

APRIL 17, 2013

In the 1990s, the consensus seemed to be that for the U.S. Higher than that, and the bond market vigilantes would punish the U.S. public debt is up to 76% of GDP , yet the bond market vigilantes all seem to have retired or moved to Europe. In the long aftermath of a global financial crisis, with deflation a real threat, the U.S.

GDP 8

GDP Bond Sample Sharpe 8