Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
Between 2001 and 2050, the total costs of caring for veterans of the post-9/11 wars are estimated to reach between $2.2 and $2.5 trillion.…
The international community has historically maintained hope that advances in science and technology offer humanity a wide range of options…
Nation 1 is seeking to join the nuclear club. Nation 2, its enemy, would like to prevent this, and has the potential to destroy 1’s bomb-…
The paper proposes an exchange rate regime for oil-exporting countries. The arrangement is designed to achieve the best of both flexible…
Countries that specialize in commodities have in recent years been hit by high volatility in world prices for their exports. This paper…
Bureaucracies often post staff to better or worse locations, ostensibly to provide incentives.
Yet we know little about whether this works…
What’s the best predictor of which candidate will win the presidential nomination? The winner of the Iowa caucus? The winner of the New…
Decision-makers often seek to design policies that support sustainable development. Prospective evaluations of how effectively such…
From late 2010 through 2011, popular uprisings toppled authoritarian regimes in Tunisia, Egypt, and Libya. In each country, a key component…