In this paper we discuss how the diverse aspects of such adjustment-cum-debt restructuring packages can be evaluated in a coherent fashion. A unified treatment of such packages…
Consumer prices in the United States rose at an annualized rate of 7.7 percent in October, the ninth straight month above seven percent, thanks to still surging demand and…
Studies about intergenerational income mobility are increasingly popular across the social sciences. These studies require individuals’ own incomes and their parents’ incomes to…
October 12, 2022, Opinion: "Enhancing productivity in services is notoriously difficult, and it is often impeded by a myriad of well-meaning licensing, safety, and other…
September 28, 2022, Opinion: "For decades the service sector has driven the economy in the United States. Is there a role for industrial policy in sustaining this growth? Dani…
September 9, 2022, Opinion: "Addressing the world's biggest challenges will require a completely new policymaking paradigm, one that looks past all the old arguments about the…
Housing policy is one of the most important areas of local politics. Yet little is known about how local legislatures and executives make housing policy decisions and how their…
August 8, 2022, Opinion: "Establishing new economic-policy paradigms requires developing novel approaches, not just emulating the old. If productivism is to be successful, it will…
July 5, 2022, Opinion: "There are signs of a major reorientation toward an economic policy framework that is rooted in production, work, and localism instead of finance,…
This paper synthesizes what economists have learned about human capital since Becker (1962) into four stylized facts. First, human capital explains at least one-third of the…
