We study sovereign external debt crises over the past 200 years, with a focus on creditor losses, or “haircuts”. Our sample covers 327…
This paper investigates the economic and social consequences of sovereign default on external debt. We focus on the crises’ impact on real…
Recent efforts to control spending, including accountable care organizations, value-based payment, and high-deductible health plans, have…
June 2024, Opinion: "Countries could better address the world’s economic challenges with help from the IMF’s global reserve asset.…
Portland, Oregon recently passed Measure 26-228, which represents some of the most expansive voting reforms by a major American city in…
Paying reparations to Black Americans has long been contentiously debated. This article addresses an unexamined pillar of this debate: the…
May 29, 2024, Audio: "Here & Now's Peter O'Dowd speaks with former Treasury Secretary Larry Summers, who wrote a recent paper with…
May 28, 2024, Audio: "This week, Nick and Goldy have a wide-ranging conversation with Jason Furman, who served as Chairman of the Council…
May 28, 2024, Video: "Douglas Holtz-Eakin, American Action Forum president and former CBO director, and Jason Furman, Harvard’s Kennedy…
May 28, 2024, Opinion: "Singapore is now the most prosperous country in per capita terms in the Asia Pacific region. In 2022, it…