Jay C. Shambaugh
GEORGE WASHINGTON UNIVERSITY. Professor of Economics and International Affairs. Areas of research are macroeconomics and international economics.

How Fast Did the Economy Grow Last Year?

March 5, 2019

The Issue:

The growth of Gross Domestic Product (GDP) is one of the most visible measures of economic performance. There are concerns with GDP as a measure of well-being: for example, it does not include non-market production that people value (such as parents caring for children or charitable work) nor does it

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The Decline in the Dollar

June 2, 2017

The Issue:

The dollar got stronger (appreciated) against the currencies of its major trading partners in the immediate wake of the election of President Trump. This reflected the market’s view of the expected effects of policies advocated by Candidate Trump, such as tax cuts, infrastructure spending, and higher ...
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