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On France’s digital tax

The main arguments against the digital tax and interesting research on why such tax is necessary.

Monetary Policy

Helicopter money

Three  former central bankers argue that helicopter money might the best policy to fight the next recession.


Brexit and trade

Thoughts on the US-UK free trade agreement, the EU-UK global value chains and the exchange rate pass-through effect on UK inflation.

International Economics

Types of global governance

Dani Rodrik and Kemal Derviş advocate two different types of global governance: one that emphasizes national sovereignty and one that emphasizes the role of international institutions. Quite thought-provoking!



SOFR is an alternative to LIBOR: how is it determined and what are its shortcomings?


Some global trends

What are the trends for global competition and labor share?

International Economics

US dollar intervention

As the odds for a US dollar intervention rise, economists wonder what the long term impact might be and whether a weak dollar could benefit the US economy.


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?

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