Rethinking economics, from the inside out.
In the wake of the financial crisis and the Great Recession, economics seems anything but a…
Athletes and CEOs: What Do Their Earnings Tell Us about the Income (and Taxation) of the Super Rich?
It is understood that investment serves as a shock absorber in times of crisis. The duration of the drag on investment, however, is…
As shown in the 1930s by Hicks and Robinson the elasticity of substitution (s) is
a key parameter that captures whether capital and labor…
No-one is optimistic about the Eurozone’s prospects. This column highlights the major
causes of the Eurozone crisis, highlighting that many…
It is useful to begin a discussion of the euro crisis by facing up to the problems inherent in monetary union. One possible view is that…
Observed over long periods, the upward path of the output of most economies occasionally takes jagged steps down. More often than not,…
Jeffrey Frankel
Professor, Harvard University’s Kennedy School of Government
Jeffrey A. Frankel is James W. Harpel Professor of Capital…
Germans cannot agree to unlimited bailouts of euro members. On the other hand, if they had insisted on the founding principles (fiscal…