Jeffrey Frankel
Jeffrey Frankel
Jeffrey Alexander "Jeff" Frankelis the James W. Harpel Professor of Capital Formation and Growth at Harvard University's Kennedy School of Government. A member of the Council of Economic Advisers under President Bill Clinton, Frankel is a noted international macroeconomist. Frankel's contributions include showing econometrically that openness is good for economic growth, by means of a gravity model of trade...
asking assumed beginning concerned figured high irrational markets quickly retrospect stock subject talking
He is asking kind of rhetorically when we will know when the stock markets or other markets are subject to irrational exuberance. Now, everyone pretty quickly figured out, or assumed that he was really talking about the US and I think he was concerned that the stock market was getting too high and in retrospect that was only the very beginning of the bubble.
airport case economic hard impact obvious report seems
In this case it seems very obvious that an airport has an economic impact and you would not need a report. It's hard to see what a report like this establishes that isn't already obvious.