It seems plausible that the developing AI technologies will improve productivity. I have friends and family who tell me how it is already useful in their own everyday work, often for speeding up the process of producing first drafts: say, of a Powerpoint slide for display, or a recommendation for an internship, or the software

Conversable Economist

09.07.2025

Latin America: A Lost Century for Catch-up Growth - Conversable Economist

It is common in talking about 1980s to refer to it as a "lost decade" for economic growth, when many developing economies around the world were trapped in destructive patterns of debt and inflation. But William F. Maloney, Xavier Cirera, and Maria Marta Ferreyra make a stronger claim about growth in Latin America, which is

Conversable Economist

12.07.2025

Interview with Carmen Reinhart: Sovereign Debt, the US dollar as Reserve Currency, and More - Conversable Economist

Tim Sablik sets the stage for the conversation in "Carmen Reinhart: On twin financial and currency crises, the future of the dollar, and sovereign debt" (Econ Focus: Federal Reserve Bank of Richmond, Third Quarter 2025). On the status of the US dollar as the global reserve currency: When we talk about the dollar's dominance, it's

Conversable Economist

16.07.2025

Can the Financial Plumbing Handle Growing Treasury Debt? - Conversable Economist

Back during the Great Recession of 2007-09, it became common for economists to talk about "financial plumbing" as part of the problem. The metaphor of pipes and drains and valves was meant to suggest that a relatively small blockage or capacity limitation in one part of the financial plumbing could lead to much bigger systemic

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How Much Will AI Increase Productivity? - Conversable Economist

Latin America: A Lost Century for Catch-up Growth - Conversable Economist

Interview with Carmen Reinhart: Sovereign Debt, the US dollar as Reserve Currency, and More - Conversable Economist

Can the Financial Plumbing Handle Growing Treasury Debt? - Conversable Economist

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