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…
In the past, industrial countries have tended to pursue countercyclical or, at worst, acyclical fiscal policy. In sharp contrast, emerging…
The large economies have each, in sequence, offered “models” that once seemed attractive to others but that eventually gave way to…
Developing countries traditionally experience pass-through of exchange rate changes that is greater and more rapid than high-income…
Why do many countries find it hard to control their budgets? Concern about budget deficits has become a burning political issue in the…
China watchers are waiting to see whether the country has engineered a soft landing, cooling down an overheating economy and achieving a…
Major shifts in the economy are rarely forecast and often not fully recognised until they have been under way for some time. So judgments…
So far in the current US presidential campaign, there has been virtually no attention paid to doing something about the US public debt…