I am a clinical professor and associate chair of the finance department at Kellogg School of Management at Northwestern University. I write and specialize in the study of financial markets and emerging market economies. I frequently discuss trade wars, tariffs and corporate
Confusion Clouds Forecasts For The Economy
While economic forecasting is always challenging, predictions have become even more baffling given the unique factors at play.
A Recession Is Coming—And Here’s How We Know
My economic analysis leads me to believe the U.S. economy will go into recession, possibly as soon as the third quarter of this year, but more likely slightly later.
The New 1% Tax On Share Buybacks Will Not Have Intended Consequence Of Changing Corporate Behavior
The new 1% tax on corporate share buybacks may be beneficial to the U.S. Treasury, but it will reduce economic value to companies and shareholders.
How The Russia-Ukraine War Has Compounded The Global Food Crisis
The Russia-Ukraine war is already causing food crisis around the world.
Why Stagflation Is Not A Concern, But There Are Other Things To Worry About
Although there are different rationales for the causes of stagflations, my perspective is that the primary cause is poor monetary policy by the Federal Reserve when the Fed does not adequately account for how inflation and the real economy respond to changes in its policies.