We analyze a T-period, bilateral matching economy without monetary transfers.
Under natural restrictions on agents’ preferences, which…
We examine a dynamic, multi-period, bilateral matching market, such as a labor market where workers are long-lived and production occurs…
This paper studies sovereign debt relief in a long-term perspective. We quantify the relief achieved through default and restructuring in…
Inadequate policy surveillance has undermined the effectiveness of multilateral climate agreements. To
illustrate an alternative approach…
The science on climate change is pretty clear: if we stay on the current
path and continue burning oil, coal and gas at present rates, the…
The US Food and Drug Administration (FDA) balances risks and benefits before approving pharmaceuticals. But powerful behavioral biases that…
Once treated as the absence of knowledge, ignorance today has become a highly influential topic in its own right, commanding growing…
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…