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The revolts of 2019

Branko Milanovic wonders why the world is in uproar and Nicola Gennaioli and Guido Tabellini offer a possible explanation.


Software and robots vs AI

Software, robots and AI are negatively affecting low, middle and high skill jobs. When all these changes happen at the same time which public policies are effective?

Economic Science

“Against economics”

When outsiders criticize economics…

Monetary Policy

Monetary policy and bounded rationality

In an economy with myopic agents: Is fiscal policy more powerful than monetary policy? Are simple Taylor rules effective in setting monetary policy?


The billionaire problem

Mankiw of Harvard, Farmer of Warwick and Johnson of MIT debate over billionaires’ contributions to the economy.


New research on the business cycle

Speculation and aggregate demand in a low interest rate environment. Which propagation mechanism best describes business cycles?


Banks in the crossfire of FinTech

How are banks affected by both FinTech and BigTech? Can FinTech bring deep changes?


Why has China’s current account surplus shrunk?

In 2018 the decrease in China’s current account surplus was one of the highest. Are cyclical or structural factors at play? What are the implications for the “global savings glut”?

Monetary Policy

The limitations of macropru

Is tightening macroprudential policies effective during crises orĀ  electoral cycles?


New and noteworthy books in economics (November)

This month’s four books are on repairing globalization, AI, liberalism and prosperity and, Germany in 1931.

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