We compare the liquidity that six developed countries have built into their employer-based defined contribution (DC) retirement schemes. In…
Observed over long periods, the upward path of the output of most economies occasionally takes jagged steps down. More often than not,…
Two hostesses are rivals in a popularity contest throughout the social season. When they hold soirees on the same night invitees must…
This article reports the results of an econometric evaluation of the effects of Plan Colombia, the largest US aid package ever received by…
In a series of reports and meetings in Spring 2011, intelligence analysts and officials debated the chances that Osama bin Laden was living…
Benefit-cost analysis (BCA), a discipline best known for guiding policy choices, can also guide personal decisions. In either application,…
The literature on external default has stressed the existence of the so-Âcalled debtÂ-intolerance puzzle: developing nations tend to…
Jeffrey Frankel
Professor, Harvard University’s Kennedy School of Government
Jeffrey A. Frankel is James W. Harpel Professor of Capital…
In recent years, a widespread consensus has emerged about the necessity of establishing bridges between quantitative and qualitative…
In both advanced and emerging economies, policymakers,
academics, and the financial community were still trying to make
sense of the…