As the G20 leaders prepare to conclude their meeting today, once again good news has had a half-life in the markets of less than 24 hours.…
Consider the following scenario. After a victory by the left-wing Syriza party, Greece’s new government announces that it wants to…
With the past week’s dismal US jobs data, signs of increasing financial strain in Europe and discouraging news from China, the proposition…
The NBER International Seminar on Macroeconomics brings together leading American and European economists to discuss a broad range of…
During the five years from 2003 to 2007, global perceptions of risk were unusually low, as reflected in the market pricing of sovereign…
Please see the updated version of this paper, RWP13-019.
Who Needs the Nation State? Dani Rodrik, Paper, May 2012. "The nation-state has long been under attack from liberal economists and…
Trade Credit and Taxes. Mihir Desai, C. Fritz Foley, May 2012, Paper. "This paper analyzes the extent to which tax differences affect …
Once again European efforts to contain crisis have fallen short. It was perhaps reasonable to hope that the European Central Bank’s…
A tale of two divergences. Alberto Alesina. April 28, 2012. Paper. "The divergence in sovereign spreads across Eurozone members has…