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Tag: Guest Blogger

Good-Bye Lenin? Is Ukraine’s ‘Revolution’ Pro-European or Pro-Oligarchic? – New Economic Perspectives

For more than two weeks, Ukraine has been swept by massive pro-European, anti-government protests, the largest the country has seen since the Orange Revolution of 2004. Hundreds of thousands of demonstrators have stormed the streets of Kyiv, following President’s Yanukovych decision to put on hold a major trade and cooperation agreement with the EU. Pressure from Putin’s Russia is cited as the main reason for the President’s U-turn.

Should We Mind the Gap? New Economic Perspectives

In his May 2011 column, “Is There Really an Output Gap,” CNBC financial blogger John Carney argues that the output gap—the difference between the economy’s potential performance and its actual performance—is a flawed theoretical construct that policymakers should avoid using as a basis for economic policy. Carney presents most of this through a “thought experiment” involving a hypothetical tobacco-based U.S. economy called Tobacco America.

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