We study the impact of international long-distance flights on the global spatial allocation of economic activity. To identify causal…
When the US Bureau of Labor Statistics releases new numbers, in theory it should make no difference whether the press release emphasizes…
After a 30-year absence, calls for international coordination of macroeconomic policy are back. This time the issues go by names like…
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…