How should we evaluate the forecasting power of models? What are appropriate loss functions for major market participants? Is the exchange…
India has an impressive number of environmental regulations – but have they been a success? This column presents evidence that while…
I am very proud to receive an honorary degree from Jomo Kenyatta University of Agriculture and Technology (JKUAT). Being my first degree…
Any solution to the Eurozone crisis must meet two objectives. One is short run and the other is long run. Unfortunately they tend to…
We show that world trade network datasets contain empirical evidence that the dynamics of innovation in the world economy indeed follows…
Almost three billion people around the world—or 4 out of every 10 individuals—are exposed to high levels of smoke each day from traditional…
Consider the following scenario. After a victory by the left-wing Syriza party, Greece’s new government announces that it wants to…
The clamour for the right to social pensions is another attempt to deal with the Indian state’s inability to provide adequate social…
Patronage systems in the public service are universally reviled as undemocratic and corrupt. Yet patronage was the prevailing method of…