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New and noteworthy books in economics (July)

This month’s book selection combines economics with history, politics, and law – a fresh perspective!


How should government debt be valued?

Government debt is often measured either at its face value, market value, or amortized cost. Do these measurement bases lead to reliable indicators of the burden of the debt?


On sovereign debt default

Why almost all defaults are partial and not complete?  Why tax evasion renders fiscal consolidations ineffective?

Monetary Policy

The Phillips curve is alive in the euro area!

New research shows that the Phillips curve remains a reliable policy tool for the euro area.


Populism: economics or culture?

Are the cultural and economic explanations of populism in tension with each other?


Machine learning and financial crises

New research on how machine learning can be used to predict systemic financial crises.


Is demography destiny?

Demographics, automation and climate policies.


Lobbying and the economy

Lobbying has become pervasive in advanced economies. New research shows how lobbying negatively affects productivity, efficiency and financial risk.


Cyber risk and regulation

Cyber risks and financial risks interact to cause systemic crises. What are the principles that should guide a regulatory response?

Financial Markets

Corporate debt in the US

In the US, nonfinancial corporate debt is at a fifty year high ratio to GDP. Are there risks to financial stability?

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