Economic Growth

The state of the global economy

Latest  economic prospects for the U.S., Europe and Asia from the Peterson Institute and Brookings.


International tax reform: the OECD proposal

The OECD unveils a blueprint of a new international corporate tax architecture.


China and Hong Kong

How severe is China’s slowdown? Michael Spence opines on the Hong Kong protests.


On women’s employment

Are male and female workers substitutable? What has contributed to the increase in female labor participation? Has women’s employment affected the US business cycle?


Capitalism in the 21st century

Branko Milanovic writes about the two types of capitalism represented by the US and China. Have the idle rich replaced the working rich?

Financial Markets

What happened in the US repo market?

After US repo rates spiked the week of September 16th, economists are trying to discern the causes.


Consumers’ inflation expectations

New research on how consumers form their beliefs on inflation and how these beliefs affect inflation dynamics.


Revisiting Okun’s Law

Okun’s law suggests that high pressure economies contribute to upward mobility of workers. Is the US a high pressure economy right now?


New and noteworthy books in economics (September)

Four great books by economic heavyweights Branko Milanovic, Otmar Issing, Richard Davies and David Kreps.

International Economics

Is the dollar still the dominant currency?

Many have highlighted the recent fall in the dollar’s share of global FX reserves as a sign of the dollar’s waning dominance. What does the data really show?

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