An Exploration of Optimal Stabilization Policy. Gregory Mankiw, Matthew Weinzierl, Spring 2011, Paper. "This paper examines the optimal…
Many previous experiments have found that, consistent with myopic loss aversion, subjects invest more in risky assets if they are given…
When risks threaten, cognitive mechanisms bias people toward action or inaction. Fearsome risks are highly available. The availability bias…
Improving Financial Access for Entrepreneurs in Developing Countries. Shawn Cole, March 2011 , Paper, "Providing incentives for…
The liquidation of government debt. Carmen Reinhart, March 2011, Paper. "Historically, periods of high indebtedness have been…
Monetary Policy as Financial-Stability Regulation. Jeremy Stein, March 2011, Paper. "This paper develops a model that speaks to the…
Many fear that democracies are suffering from a legitimacy crisis. This book focuses on "democratic deficits," reflecting how far the…
On Jan. 19, 2007, my wife, Rosemary, and I spent several hours with Col. Moammar Gadhafi in his tent in the Libyan desert, sipping tea and…