In February 2018, Jerome Powell assumed the chairmanship of the FOMC. At first glance, the macroeconomic conditions Powell inherited seemed conducive to continued stability: Unemployment and inflation were low, and the economy had grown steadily for nearly a decade. However, despite the appearance of stability, the economy faced significant risks that required the attention of …
In early 2016, stock markets around the world crashed, raising the risk of another great depression hitting the world. In their struggle to recover from the post-2008 global recession, many nations expanded their money supply and lowered interest rates to stimulate both consumer spending and business investment. While some of this monetary expansion boosted output …
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Additions Japan: “Free, fair and global?”
The Indian Khemka family, founders, managers and majority owners of Russia-based SUN Brewing, faced a difficult decision in 1998. After the massive devaluation of the ruble in August 1998, SUN Brewing’s share price, listed on the Luxembourg stock exchange, it exceeds 90%. Just two months earlier, they had planned a $ 200-400 million stock and …
Paradise Bakery and Café: The Challenges of Success traces the path of entrepreneur Daniel Patterson from founding his bakery in Southern California, through the challenges of growth, to a potential sale and post-acquisition crisis. The case focuses on three key decision points for Patterson. The first focuses on his decision to hire an experienced outside …
Supplement to (9384115), (9382073) and (9382065).
The behavior of the Federal Reserve System in the early years of the Great Depression was the subject of considerable controversy. It was argued that the Fed pursued a contractionary policy, which helped turn what could be a brief recession into an economic disaster. This case examines the reasons for the Fed’s behavior and shows …
Members of the Singapore Airlines (SIA) management committee must decide whether to cancel the introduction of the new reclining seats in business class after the effects of the global recession on the travel industry in September 2001. SIA was considered the standard gold for innovative customer service, and the $ 100 million project for new …
In the summer of 2009, many observers concluded that a catastrophic financial collapse that seemed almost imminent had been averted last fall and winter. Although the recession had not yet been declared over and the economy was far from strong, many believed that the worst of the crisis was over. Now that the global financial …