It is safe to say that Emilio Botín was an extraordinary person in every way. Without a doubt, the history of banking and the Spanish economy will surely bestow him a place of honor, no matter how the story is written. He had a decisive influence in shaping the history of the society in which…

Because we economists tend to view reality through the lens of economic models, but I did enjoy one of John H. Cochrane’s comments in his blog “Macro debates, the oped.” For quite some time now, due to the recent crisis, I have been experiencing a lot of hesitation about these model-filtered visions. Cochrane, a University…

The recovery of the U.S. economy had appeared to achieve a breakthrough in the final quarter of 2013. The economy grew at an annual pace of 3.2 percent in the last quarter. But the economy contracted again the first quarter of this year. This weak recovery implies that more jobs have been lost in the…