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…

Nobody really knows what will happen in terms of Spain’s future growth.  Obviously, whatever awaits will depend on many factors, both domestic and foreign.  First and foremost, Spanish growth will depend on any and all future reforms and policy measures that the current and future Spanish governments may take. Unfortunately, the reform plans of the…