The public often gauges the strength of the U.S. economy by the performance of the manufacturing sector, especially by changes in manufacturing employment. When such employment declines, as has been the trend for many years, it is often assumed to be evidence of the slow death of U.S....

The financial maladies that have afflicted East Asian nations recently have left many policymakers feeling ill at ease. But is there true cause for concern?

The American European Community Association, Brussels, Belgium, April 16, 2007

Presentation to the Globalization and Outsourcing Conference, Reuters America Inc., New York, June 15, 2004

Fiscal Affairs & Government Operations Committee, The Council of State Governments' Southern Legislative Conference, Louisville, Ky., July 31, 2006

When residents of two countries have access to complete contingent claims markets, the welfare effects of changes in tariffs are opposite to those found in static trade theory. This paper demonstrates that a much simpler asset market structure can be sufficient to generate such a result. In the...

Arkansas Minority Business Development Roundtable, Little Rock, Ark., Aug. 17, 2007

Session on Regional Economic Trends, Southern Governors' Association Meeting, Biloxi, Miss., Aug. 25, 2007

Address before Louisville Society of Financial Analysts, Louisville, Ky., Nov. 19, 2003