The authors address the indisputable fact that high real interest rates place an added burden on debtors, whether they are households,…
Why Wealth Taxes Are Not Enough. Kenneth Rogoff, November 4, 2013, Opinion. "Should advanced countries implement wealth taxes as a means of…
The Brain—and Soul—of Capitalism. Nancy F. Koehn, November 2013, Opinion. "In 1970 the economist and Nobel laureate Milton Friedman called…
/centers/mrcbg/programs/growthpolicy/heterogeneous-technology-diffusion-and-ricardian-trade-patterns
Heterogeneous Technology Diffusion and Ricardian Trade Patterns. William R. Kerr, November 2013, Paper. "This study tests the importance of…
Student Portfolios and the College Admission Problem. Gregory Lewis, November, 2013, Paper. "We develop a decentralized Bayesian model of…
Liquidity and Inefficient Investment. Oliver Hart, November 2013, Paper. "We study consumer liquidity in a general equilibrium model…
Many development initiatives fail to improve performance because they
promote isomorphic mimicry—governments change what they look like,…
Popular belief holds that eye contact increases the success of persuasive communication, and prior research suggests that speakers who…
The daunting complexity of important financial decisions can lead to
procrastination. We evaluate a low-cost intervention that…