Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
• The COVID-19 pandemic has placed unprecedented strain on public finances across developing countries. Large fiscal responses and weak…
For many Americans, cities have become a beacon of hope. They are widely recognized as engines of the U.S. economy and laboratories of…
Roger B. Porter is IBM Professor of Business and Government. Joining the Kennedy School faculty in 1977, he has served for more than a…