NOURIEL ROUBINI BLOG

Showing posts with label Fiscal Drag. Show all posts

Showing posts with label Fiscal Drag. Show all posts

Friday, November 8, 2013

Roubini: Fiscal Drag Is Damaging U.S. Growth

Roubini: Fiscal Drag Is Damaging U.S. Growth

Nov. 7 (Bloomberg) -- On today's "Chart Attack," NYU Stern School of Business Professor Nouriel Roubini and Bloomberg's Matt Miller look at how the government is weighing on economic growth. They speak on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Tuesday, October 15, 2013

Fiscal Drag : The Economic Impact

The Economic Impact in Terms of a Fiscal Drag

The Economic impact in terms of a fiscal drag is the difference between U.S. economic growth and tipping into a downturn. - in CNBC

Thursday, July 7, 2011

Roubini : We Are going to have a Massive Fiscal Drag in 2012

Nouriel Roubini , Roubini Global Economics chairman & co-founder, explains why there's a need for more fiscal stimulus, and the "perfect storm" of threats that could slam the economy by 2013. "what i've been saying whether or not the fiscal drive is next year, governments are cutting spending, phasing out federal spending and income tax and employment benefits, $200 million next year alone and 1.5% gdp implies even weaker growth. i'm in favor of fiscal services but you need a medium term plan to cut spending and raise taxes and you should have a fiscal drag and maybe even a fiscal stimulus." Roubini said

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Nouriel Roubini, (born March 29, 1958, Istanbul, Turkey), Turkish-born American economist and educator who was best known for predicting the 2007–08 subprime mortgage crisis in the United States and the subsequent global financial crisis.

Born to Iranian Jewish parents, Roubini moved with his family to Iran and Israel before they settled in Italy in 1962. After a year at Hebrew University of Jerusalem, he studied economics at Bocconi University in Milan (B.A., 1982) and Harvard University (Ph.D., 1988), where he specialized in macroeconomics and international economics. He joined the economics faculty at Yale University in 1988 and taught there until 1995, when he moved to New York University. He also served as a visiting scholar to the International Monetary Fund (IMF), was a research associate with the National Bureau of Economic Research (NBER), held single-year terms on the White House Council of Economic Advisers (1998–99) and at the U.S. Department of the Treasury (1999–2000), and cofounded (2004) the consulting firm Roubini Global Economics. Roubini spent much of his early career studying countries that experienced extreme economic failures, such as Mexico (in 1994), Thailand and other countries associated with the 1997 Asian financial crisis, Russia (1998), and Argentina (2000). He determined that each shared one common element: a massive current account deficit.(www.britannica.com)

Nouriel Roubini is the Chairman and CEO of Roubini Macro Associates, LLC, his own global macroeconomic consultancy firm. He is also a professor of economics at New York University’s Stern School of Business. Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises, among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise.