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The “merger guidelines” that have been published by the Federal Trade Commission and the US Department of Justice since 1969–with updates happening every 10-15 years–serve an unusual role.
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Markets are pricing a rapid decline in inflation and the end of central bank policy normalization. However, there are two challenges ahead that we must consider.
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Robert Solow (Nobel ’87) is known in the economics profession for conceptualizing the broad methods of studying economic growth that are still used today.
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