Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
Society’s transition toward more sustainable energy sources is well underway. But substantially reducing the use of fossil fuels to…
I examine the specialization of US commuting zones in AI-related occupations over the 2000 to 2018 period. I define AI-related jobs based…
In this paper, I review evidence on changing global specialization in labor-intensive exporting. Production of apparel, footwear, furniture…
The global political-economic order is in flux. It is unclear what will replace the U.S-centric post-1990s “liberal” order and whether…
The international community has historically maintained hope that advances in science and technology offer humanity a wide range of options…
The power of Pan-Africanism as a guiding vision for the continent’s development is widely studied, mostly as an aspirational phenomenon. At…
The Paris Agreement has achieved one of two key necessary conditions for ultimate success – a broad base of participation among the…
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…