Despite substantial interest in the potential for mobile money to positively impact the lives of the poor, little empirical evidence exists…
Germans cannot agree to unlimited bailouts of euro members. On the other hand, if they had insisted on the founding principles (fiscal…
Many claim that China will soon overtake the US. I argue that this claim is based on a misuse of statistics. The International Comparison…
When households increase their deposits in formal bank savings accounts, what
is the source of the money? We combine high-frequency surveys…
Economics of the Public Sector, Fourth Edition, focuses on the heavily changed, post-global recession world. This new, modern approach…
It has been proposed that central banks should target Nominal GDP (NGDP), as an alternative to targeting the money supply, exchange rate,…
The coherence and effectiveness of engagement with the world’s ‘fragile and conflict- affected states’—beyond ethical imperatives and geo-…
It has been proposed that central banks should target Nominal GDP (NGDP), as an alternative to targeting the money supply, exchange rate,…