vox

Research-based policy analysis and commentary from leading economists

Create account | Login | Subscribe

  • Columns
    • By Topic
    • By Date
    • By Reads
    • By Tag
  • Vox Talks
    • Audio Interviews
  • People
    • A
    • B
    • C
    • D
    • E
    • F
    • G
    • H
    • I
    • J
    • K
    • L
    • M
    • N
    • O
    • P
    • Q
    • R
    • S
    • T
    • U
    • V
    • W
    • X
    • Y
    • Z
  • ePubs
    • Vox eBooks
    • Vox eReports
    • CEPR eReports
  • Debates
    • Banking reform: Do we know what has to be done?
    • What's the use of economics?
    • Has austerity gone too far?
  • Events
    • Workshops & Conferences
    • Courses
    • Discussion Meetings
    • Submit an Event
  • Jobs
    • Jobs
  • About
    • About Vox
    • Help
    • Subscribe
    • Contact

Eliana La Ferrara

View all 2 columns
  • The death penalty and racial bias in the US
  • Conflict in sub-Saharan Africa: private sector incentives and impacts

David Laborde Debucquet

View all 1 columns
  • The Doha Round: A safety net in stormy weather

Nicola Lacetera

View all 2 columns
  • How driving a mile could cost you $200
  • Incentives for altruism? The case of blood donations

Helen F. Ladd

View all 1 columns
  • Resegregation in US schools: unintended consequences of parental choice

Roger Laeven

View all 2 columns
  • Countercyclical regulation in Solvency II: Merits and flaws
  • A prudential regulatory issue at the heart of Solvency II

Luc Laeven

View all 9 columns
  • The curse of advanced economies in resolving banking crises
  • Bank governance and regulation
  • US overinvestment in housing: Was the bankruptcy code to blame?

Paul A. LaFontaine

View all 1 columns
  • Educated in America: College graduates and high school dropouts

Miren Lafourcade

View all 1 columns
  • Long-run spatial inequality in France: Evolution and determinants

Johan Lagerlöf

View all 1 columns
  • Do remedial mathematics courses help economics students?

Ricardo Lagos

View all 1 columns
  • Liquidity in the financial crisis: New insights on the lender of last resort

Marie-Aude Laguna

View all 1 columns
  • How does the stock market respond to petrochemical disasters?

Sandy Lai

View all 1 columns
  • Understanding and quantifying contagion

David Laibson

View all 1 columns
  • The psychology of savings and investment

Darius Lakdawalla

View all 1 columns
  • An economic evaluation of the war on cancer

Rafael Lalive

View all 1 columns
  • Can passenger railways curb road-traffic externalities? Empirical evidence

Rafael Lalive

Karine Lamiraud

View all 1 columns
  • Making time for friends

Michael J Lamla

View all 2 columns
  • Swiss National Bank under attack
  • The extreme bounds of democracy: What this means for the Arab world

Sergi Lanau

View all 1 columns
  • Domestic financial regulation and external borrowing

Camille Landais

View all 1 columns
  • Taxation and international migration of football’s superstars

Jean-Pierre Landau

View all 1 columns
  • Macroprudential rebalancing

Michael A. Landesmann

View all 2 columns
  • Three debts: A view from emerging Europe
  • The crisis in Eastern Europe: What is to be done?

Augustin Landier

View all 1 columns
  • Evaluating restructuring plans for systemically important banks

Philip Lane

View all 12 columns
  • Banks and cross-border capital flows: Policy challenges and regulatory responses
  • EZ crisis: Ireland’s recovery, European Safe Bonds and a reform agenda for the Eurozone
  • Cross-border banking in Europe

Julia Lane

View all 1 columns
  • Temp jobs: dead end or stepping stone?

Fabian Lange

View all 1 columns
  • The anemic response of skill investment to skill premium growth

Ian Lange

View all 1 columns
  • Imperfect climate policy unlikely to increase domestic emissions

Andreas Lange

View all 1 columns
  • Unilateral climate policy: Combat leakage or beggar-thy-neighbour?

Sven Langedijk

View all 1 columns
  • EU fiscal consolidation after the global crisis: Lessons from past experiences

Rolf Langhammer

View all 1 columns
  • Fading Reciprocity: Challenges to Global Rules

Martin Larch

View all 2 columns
  • Stronger EU economic governance: A response to the critics
  • Stronger economic governance in the EU

Mario Larch

View all 1 columns
  • The spillovers of labour market reforms

Valentino Larcinese

View all 1 columns
  • The impact of class size on the performance of university students

Larissa Schäfer

View all 1 columns
  • Foreigners vs. natives: Bank lending and loan pricing

Aimee Larsen

View all 2 columns
  • Transmission of the global recession through US trade
  • US trade’s transmission of the global recession

Will Larson

View all 1 columns
  • Is newer better? The Penn World Table growth estimates

Stefan Laséen

View all 1 columns
  • Monetary policy and the models

Andrea Lassmann

View all 1 columns
  • Eurozone crisis: What do the economists think?

David Latto

View all 1 columns
  • Quantitative easing: What effect on yields?

Christian Laux

View all 2 columns
  • Market discipline, disclosure, and transparency
  • A prudential regulatory issue at the heart of Solvency II

Federico Lavopa

View all 1 columns
  • In case of fire, break the glass: Argentina’s border emergency-kit in times of global crisis

Victor Lavy

View all 1 columns
  • The good, the bad, and the average: Ability peer effects in schools

Martina Lawless

View all 1 columns
  • Credit demand, supply, and conditions: A tale of three crises

Robert Z. Lawrence

View all 2 columns
  • Let’s do a Doha deal
  • The globalisation paradox: more trade less inequality

Richard Layard

View all 2 columns
  • The tragic error of excessive austerity
  • The Manifesto for Economic Sense

Edward Paul Lazear

View all 2 columns
  • Europe’s Lehman moment?
  • Lessons for economic growth in developed countries

Vo Phuong Mai Le

Thomas Le Barbanchon

View all 1 columns
  • Why is Spain’s unemployment so high?

Julian Le Grand

View all 1 columns
  • How to get good public services through choice and competition

Edward Leamer

View all 1 columns
  • ‘Neurofacturing’: the impact on inequality and the implications for education

Giampaolo Lecce

View all 1 columns
  • The electoral consequences of large fiscal adjustments

Michael Lechner

View all 1 columns
  • Does sport make your kids smarter? New evidence from Germany

Wolfgang Lechthaler

View all 2 columns
  • Monetary policy and firing costs
  • The spillovers of labour market reforms

Daniel Lederman

View all 3 columns
  • Openness to international trade causes growth in sub-Saharan Africa
  • Foreign investment in southern Africa: Why so little?
  • Does Chinese growth threaten Latin America?

Sokbae Lee

View all 1 columns
  • Is distance dying at last?

Jaewoo Lee

View all 1 columns
  • From the Great Moderation to the global crisis: Ten years of exchange-market pressure

Minsoo Lee

View all 1 columns
  • Developing country and emerging market vulnerability to the Eurozone crisis

Yoonsoo Lee

View all 1 columns
  • Cleansing effects of recessions: new evidence

Hongshik Lee

View all 1 columns
  • Venturing abroad at the cost of domestic employment?

Joon H. Lee

View all 2 columns
  • Clustering together abroad: South Korean multinationals in China
  • Venturing abroad at the cost of domestic employment?

Jong-Wha Lee

View all 2 columns
  • Educational attainment in the world, 1950–2010
  • Globalisation promotes peace

Mathieu Lefebvre

View all 1 columns
  • The changing face of disability insurance

Philippe Legrain

View all 1 columns
  • The US economic policy mix is a threat to the world

Patrick Legros

View all 2 columns
  • Firm organisation: What we know and why we should care
  • Nobel Prize: What is mechanism design and why does it matter?

Yu-Hsiang Lei

View all 1 columns
  • Do giant oil field discoveries fuel internal armed conflicts?

Daniel Leigh

View all 4 columns
  • Fiscal consolidation: At what speed?
  • Jobs and growth are still linked (that is, Okun’s Law still holds)
  • What are the costs of reducing a large current-account surplus?

Andrew Leigh

View all 1 columns
  • Do employers discriminate in female-dominated occupations?

Axel Leijonhufvud

View all 10 columns
  • 21st century shell game: How bankers play and taxpayers pay
  • A modest proposal: Double liability for bankers
  • Stabilities and instabilities in the macroeconomy

Françoise Lemoine

View all 1 columns
  • China’s strong domestic demand has reduced its trade surplus

Andreas Lendle

View all 2 columns
  • Put your money where your mouse is: How e-commerce can foster development
  • How preferential is world trade?

Julia Lendvai

View all 1 columns
  • Boom and bust in the Baltics

Michele Lenza

View all 3 columns
  • Debating core inflation
  • Phasing out monetary policy in the Eurozone
  • The euro hasn’t changed European business cycles

Marco Leonardi

View all 1 columns
  • Employment protection legislation and the financial crisis

Ossi Leppänen

View all 1 columns
  • Restructuring Eurozone banks to address Eurosystem imbalances

Josh Lerner

View all 5 columns
  • The architecture of innovation
  • Collective cooperation: The phenomenon of open source
  • Policies to encourage entrepreneurship

Simon Lester

View all 1 columns
  • How much global trade governance should there be?

Simon Lester

Andrei Levchenko

View all 4 columns
  • The role of firms in aggregate fluctuations
  • Is China’s growth bad news for western countries?
  • The collapse of US trade: In search of the smoking gun

Micol Levi

Micol Levi

View all 1 columns
  • Too big to fail or too small to maintain stability?

Richard M. Levich

View all 4 columns
  • Measuring crowded trades in financial markets
  • The clearinghouse that saved foreign exchange trading from the crisis
  • Alpha and style persistence for currency managers

Jonathan Levin

View all 1 columns
  • Exploiting the internet data trove

Andrew Levin

View all 1 columns
  • Monetary policy at the zero bound

Phillip B. Levine

View all 1 columns
  • The crisis will force workers to retire

Ross Levine

View all 4 columns
  • Measuring financial development
  • Finance, long-run growth, and economic opportunity
  • An autopsy of the US financial system: Accident, suicide, or negligent homicide?

Arik Levinson

View all 2 columns
  • Valuing public goods using happiness surveys
  • The clean-up of US manufacturing

Oren Levintal

View all 1 columns
  • Toxic assets in the 18th century

Frank Levy

View all 1 columns
  • Twentieth century American inequality

Philip Levy

View all 4 columns
  • Doha Round: Keep moving forward or fall down
  • Alternatives to consensus at the WTO
  • US policy approaches to China’s currency

Mickey Levy

View all 2 columns
  • Greece’s predicament: Lessons from Argentina
  • How to restore competitiveness in the EU

Aviram Levy

View all 1 columns
  • Should governments extend bank guarantees?

Eduardo Levy Yeyati

View all 17 columns
  • Financial recoupling in emerging markets
  • The uncoupling of decoupling: Latin America’s experience
  • Argentina's latest looming crisis

John Lewis

View all 2 columns
  • ECB interest rate policy and the “zero lower bound”
  • Do fiscal policymakers know what they are doing?

Logan Lewis

View all 1 columns
  • The collapse of US trade: In search of the smoking gun

Chunding Li

View all 2 columns
  • China and antidumping
  • Global imbalances: Are we measuring the right thing?

Yue Li

View all 1 columns
  • The implications of retail-sector liberalisation: Evidence from Romania

Yao Li

View all 1 columns
  • China’s higher education transformation

Ben Li

View all 1 columns
  • China’s soaring foreign trade: Made in Britain, c. 1840?

Hao Li

View all 1 columns
  • Why are sports organised as winner-take-all tournaments?

Chao Li

View all 1 columns
  • Rising regional inequality in China: Fact or artefact?

Wenli Li

View all 1 columns
  • How US personal bankruptcy reform exacerbated the US housing crisis

Guanmin Liao

View all 1 columns
  • Brain drain or brain gain? Evidence from corporate boards

Massimo Libertucci

View all 2 columns
  • A proposal for countercyclical contingent capital instruments
  • Rules vs discretion in macroprudential policies

Frank R. Lichtenberg

View all 2 columns
  • The cost of medical innovation
  • Genuine innovation: New drugs save lives

Jeffrey Liebman

Cheng Hoon Lim

View all 1 columns
  • Macroprudential policy: What instruments and how to use them?

Linda Lim

View all 1 columns
  • Global Rebalancing 2.0

Jamus Lim

View all 1 columns
  • Does openness really increase volatility?

Justin Yifu Lin

Chen Lin

View all 2 columns
  • Financial innovation: The good and the bad
  • Can financial reform reduce tax evasion?

William Lincoln

View all 2 columns
  • The dynamics of firm lobbying
  • Immigrants and US Innovation

Jesper Lindé

View all 1 columns
  • Monetary policy and the models

Leigh Linden

View all 1 columns
  • Do teachers discriminate against minorities in India?

Peter H. Lindert

View all 2 columns
  • America’s Revolution: Economic disaster, development, and equality
  • Ancient income inequality

Matthew Lindquist

View all 1 columns
  • Can education policy be used to fight crime?

Susanne Link

View all 1 columns
  • Independent schools: A luxury for the developed world?

Francesco Lippi

View all 1 columns
  • Oil prices: risks and opportunities

Molly Lipscomb

View all 1 columns
  • Services sector reform and the Indian manufacturing miracle

Maurizio Lisciandra

View all 1 columns
  • A bonus seat system for European Parliament elections

John List

View all 3 columns
  • Simple rules for designing economic experiments
  • The economics of open-air markets
  • Field experiments in economic research

Jin-Tan Liu

View all 1 columns
  • Education fosters health

Wei Liu

View all 1 columns
  • Trade finance in emerging Asian economies

Xuepeng Liu

View all 1 columns
  • Free trade agreements and the consolidation of democracy

Wan-Hsin Liu

View all 1 columns
  • Have Chinese innovators (and banks) finally grown-up?

Kai Liu

View all 1 columns
  • The puzzle of China’s rising household saving rate

Xiaodong Liu

View all 1 columns
  • Social multiplier versus social norms: What matters most for outcomes?

Gerard Llobet

View all 1 columns
  • European banks: Distinguishing the walking wounded from the living dead

Fernanda Llussá

View all 1 columns
  • Do we know enough about terrorism?

Anna Lo Prete

View all 2 columns
  • Does trade openness foster financial development?
  • Finance, redistribution, globalisation

Lance Lochner

View all 2 columns
  • The wide-ranging benefits of education
  • Does university financial aid matter?

Ben Lockwood

View all 1 columns
  • Carbon-motivated tariffs: Old wine in green bottles?

Trevon D. Logan

View all 1 columns
  • Information and illegal market mechanisms

Stanley D. Longhofer

View all 1 columns
  • The (mythical?) housing wealth effect

Francis A. Longstaff

View all 1 columns
  • Are Michigan and Illinois like Greece and Ireland?

Rudy Loo-Kung

View all 3 columns
  • US recovery: A new “Phoenix Miracle”?
  • How bad are bubbles for welfare?
  • Needed: Rapid and large liquidity funding for emerging markets

Jose Ernesto López Córdova

Javier López González

View all 1 columns
  • How much difference will the EU’s new approach to preferential trade make?

Luis Lopez-Calva

View all 1 columns
  • Declining Latin American inequality: Market forces or state action?

Simon Loretz

View all 1 columns
  • EU corporate tax reform: Weighing the pros and cons

Thomas Losse-Müller

View all 1 columns
  • Financial sector taxation: Balancing fairness, efficiency, and stability

Elena Loukoianova

View all 1 columns
  • Financial stability in emerging Europe: The Vienna Initiative

Prakash Loungani

View all 3 columns
  • Why is this global recovery different?
  • Jobs and growth are still linked (that is, Okun’s Law still holds)
  • Divergence of fortunes in recoveries

Inessa Love

View all 1 columns
  • Stocks and shocks: New evidence on global equity returns

Mary E. Lovely

View all 1 columns
  • Chinese trade and environmental degradation

Patrick Low

View all 1 columns
  • World Trade Organization decision-making for the future

Richard E. Lucas

View all 1 columns
  • Hedonic adaptation: Does happiness last?

Matteo Luciani

View all 1 columns
  • Googling systemically important insurers

Matteo Luciani

Bernd Lucke

View all 1 columns
  • The plenum of German economists on the European debt crisis

Jens Ludwig

View all 1 columns
  • Evidence-based policy through mechanism experiments

Simon Luechinger

View all 2 columns
  • Can passenger railways curb road-traffic externalities? Empirical evidence
  • The value of the revolving door: Political appointees and the stock market

Haydée Lugo

Maurizio Luisi

View all 1 columns
  • Distilling the macroeconomic news flow

Susan Lund

View all 1 columns
  • Jobs: The next piece of Africa’s growth jigsaw

Susanna Lundstrom Gable

View all 1 columns
  • Service export sophistication and economic growth

Jaime Luque

View all 1 columns
  • The euro and economic uncertainty in debt crises

Annamaria Lusardi

View all 1 columns
  • Financial illiteracy: New evidence from Germany

Nora Lustig

View all 3 columns
  • Declining Latin American inequality: Market forces or state action?
  • How to protect the poor from food price shocks
  • Thought for food: the challenges of coping with soaring food prices

Matthew N Luzzetti

View all 1 columns
  • Macroeconomic paradigm shifts and Keynes’s General Theory

Sergey Lychagin

View all 2 columns
  • Can competition pull along the public sector? Evidence from Indian railways
  • Location, location, location: Why geography matters for R&D

Lisa M. Lynch

View all 1 columns
  • US productivity growth and organizational innovations

Seán Lyons

View all 1 columns
  • Green growth? Evidence from energy taxes in Europe

Most Read

  • This Month
  • All Time
  • Fiscal consolidation: At what speed?Blanchard, Leigh
  • Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
  • The lessons of the North Atlantic crisis for economic theory and policyStiglitz
  • Helicopter money as a policy optionReichlin, Turner, Woodford
  • Rethinking macroeconomic policyBlanchard
more
  • A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
  • Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
  • Eurozone breakup would trigger the mother of all financial crisesEichengreen
  • Debt, deleveraging, and the liquidity trap: A new modelKrugman
  • Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
more

Vox Talks

The Battle of Bretton Woods

Steil, 29 April 2013

Listen | Open Player

More Vox Talks

Vox eBooks

Is inflation targeting dead? Central Banking After the Crisis

Reichlin, Baldwin, 14 April 2013

More eBooks

Don't Miss

Helicopter money as a policy option

Reichlin, Turner, Woodford

Escaping liquidity traps: Lessons from the UK’s 1930s escape

Crafts

The lessons of the North Atlantic crisis for economic theory and policy

Stiglitz

CEPR Policy Research

  • Discussion Papers
  • Insights
  • The "Greatest" Carry Trade Ever? Unde