With interest rates persistently low or even negative in advanced countries, policymakers have barely any room to ease monetary policy when…
Greater interdependence is often taken to require more global governance, but the logic requires scrutiny. Cross-border spillovers do not…
February 2020, Paper: "On the twentieth anniversary of its inception, the euro has yet to expand its role as an international currency. We…
Undertaking logistical tasks in a teamwork setting exhibits a volunteer’s dilemma: it takes only one volunteer to take a costly action to…
The Federal Reserve’s current monetary policy framework combines conventional policy that sets the level of the federal funds rate with…
Can supply-side environmental policies that limit the extraction of fossil fuels reduce CO2 emissions? This paper studies interactions…
Global leaders congregating at the annual Munich Security Conference this year must wrestle with a multitude of crises. The coronavirus…
As new innovations in mobility have entered the marketplace, local government leaders have struggled to adapt their regulatory framework to…