UPDATE: How did the model perform? By my calculation (based on reports at noon today), McCain captured 47% of the popular vote; the Fair mo...

As a political scientist, I am expected to tell my readers to go vote. As a political economist, I am encouraged to tell you not to bother ...

Today I voted for Obama for president, but I did so with some reticence. On balance, I feel that he is a much more acceptable candidate than...

So far this year, about 30 airlines have gone bust around the world, including ATA, Aloha, Skybus, Sterling, and Frontier Airlines, all rela...

If lowering the Fed funds rate doesn't matter much at present , it doesn't mean that institutions don't have an important role i...

If the world could vote in the American presidential election, who would win? The Economist has a very fun global electoral college map whi...

The Fed cuts the funds rate by 50 basis points, down to 1%. But at this point who really cares? This is becoming akin to a zen koan , or a ...

The IMF is suddenly relevant again, having already agreed to a loan for the Ukraine while similar loans to Hungary and Iceland are on the wa...

We talked in class today about Sweden's need to raise overnight lending rates to ridiculous levels in its attempt to defend the kroner i...

Another phase of the global credit crisis has begun; developing nations are running to the IMF for emergency aid.   And finance ministers a...