Intangible assets and monetary policy
Has the rising importance of intangible capital, in advanced economies, weakened the transmission of monetary and contributed to the flattening of the Phillips curve?
What motivates green innovators?
Very interesting research on whether money or prosocial attitudes motivate green innovators.
The Fed’s way forward
Should the Fed move to a rules-based monetary policy? How to avoid becoming a prisoner of financial markets.
Working from home: the post-COVID 19 implications
Will working from home stick? What will the effect on productivity and lifetime income be?
New and noteworthy books in economics (April)
For this month we picked two books on AI- how humans judge machines, what are the social and political ramifications of AI. And two books on the way forward – a new social contract or more creative destruction?
How to tax corporations
Saez, Zucman, Acemoglu and Auerbach propose three different ways to tax corporations as part of the debate on how to reduce the large government debt of advanced economies.
What will happen to the excess household savings?
COVID-19 led to a significant increase in household savings: how will these savings be used?