Brian Romanchuk — Exports And The Cycle

Not all "automatic stabilisers" in the economy are due to government policy; there are patterns of private sector behaviour that tend to act in a counter-cyclical fashion. The role of the external sector is an important stabiliser (at least most of the time). This article is a basic primer on the subject....

Bond Economics
Exports And The Cycle
Brian Romanchuk

Warren Mosler — yen tailspin?

With Fukushima down, Japan needs to import more oil, putting pressure on the yen.

The Center of the Universe
yen tailspin?
Warren Mosler