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Ricardo Hausmann
It Could be Too Late to Avoid Catastrophe in Venezuela. Ricardo Hausmann, February 3, 2016, Opinion. "As markets brace themselves for the negative effects of the decline in…
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Michael Herzfeld
The Hypocrisy of European Moralism: Greece and the Politics of Cultural Aggression – Part 1. Michael Herzfeld, February 2016, Paper. "In the current debt crisis, Greeks often…
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Fiscal Rules and Sovereign Default. Laura Alfaro, February 2016, Paper. "We provide a quantitative analysis of fiscal rules in a standard model of sovereign debt accumulation…
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Robert Barro
Options-Pricing Formula with Disaster Risk. Robert Barro, January 2016, Paper. "A new options-pricing formula applies to far-out-of-the money put options on the overall stock…
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Robert Barro
Rare Events and Long-Run Risks. Robert Barro, January 2016, Paper. "Rare events (RE) and long-run risks (LRR) are complementary elements for understanding asset-pricing patterns,…
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Jeffrey Frankel
International Coordination. Jeffrey Frankel, January 2016, Paper. "After a 30-year absence, calls for international coordination of macroeconomic policy are back. This time…
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Lawrence H. Summers
Economy Faces 1 In 3 Chance Of Recession. Lawrence Summers, January 27, 2016, Audio. "With U.S. stocks off to a dismal start in 2016 and China’s economic growth slowing, Here…
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Jeffrey Frankel
China’s Slowdown and the Chinese Stock Market. Jeffrey Frankel, January 27, 2016, Opinion. "The Shanghai Stock Exchange Composite Index has dropped substantially in the past few…
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Jeffrey Frankel
China’s Stock-Market Red Herring. Jeffrey Frankel, January 25, 2016, Opinion. "With the Shanghai Stock Exchange Composite Index down more than 40% since last June, investors…
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Kenneth Rogoff
Central Banks Need to Think About Negative Rates. Kenneth Rogoff, January 20, 2016, Video. "Harvard University Professor Kenneth Rogoff discusses the idea of negative interest…