Trying to reduce federal budget deficits by increasing the efficiency of federal operations is an appealing idea. However, greater…
In the United States, massive fiscal expansion during the pandemic protected households and helped to return output and unemployment nearly…
The sense that recent technological advances have yielded considerable benefits for everyday life, as well as disappointment over measured…
This paper explores past episodes of technological disruption in the US labor market, with the goal of learning lessons about the likely…
This paper shows that China's lending boom to developing country sovereigns has largely ended and that debt distress and defaults are…
The global economy has witnessed great economic volatility in the first two decades of the 21st century. Yet over this period, and in…
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. It builds the…
China's lending boom to developing countries is morphing into defaults and debt distress. Given the secrecy surrounding China's loans, the…
This paper employs an updated algorithm and database for classifying exchange rate and anchor currency choice, to explore the evolution of…
To understand the possible trajectory of inflation in 2022 and beyond, it is helpful to understand why the United States and Europe had so…