Trying to reduce federal budget deficits by increasing the efficiency of federal operations is an appealing idea. However, greater…
Are cap-and-trade schemes working? This column presents a summary of eight existing schemes arguing that half meet the independence…
The seminal contributions of William Nordhaus to scholarship on the long-run macroeconomics of global climate change are clear. Much more…
How do market prices adjust towards stability after a shock? Tracking individual stock prices following their dramatic shakeup after Donald…
Donald Trump’s surprise election shifted expectations: corporate taxes would be lower and trade policies more restrictive. Relative stock…