Despite apparent calm on the financial markets, no illusions that the storm is ending soon should be entertained. Indeed, we may well be in the eye of the hurricane.
Eurozone crisis: It ain’t over yet
Paolo Manasse, 17 January 2013
US votes on trade and migration
Paola Conconi, Giovanni Facchini, Max Friedrich Steinhardt, Maurizio Zanardi, 7 January 2013
In the recent US presidential election, Latino voters rewarded President Obama and punished Republicans for their positions on immigration.
It’s not a skill mismatch: Disaggregate evidence on the US unemployment-vacancy relationship
Rand Ghayad, William Dickens, 5 January 2013
The Beveridge curve – the empirical relationship between unemployment and vacancies – is thought to be an indicator of the efficiency of the functioning of the labour market. Normally when vacancies rise, unemployment falls following a curved path that typically remains stable over long periods of time.
Are the Nordic countries really less innovative than the US?
Mika Maliranta, Niku Määttänen, Vesa Vihriälä, 19 December 2012
The cut-throat versus cuddly capitalism distinction (Acemoglu et al. 2012) resonates with widely-held stereotypes. The US is a ‘mean streets’ sort of place to live but the law of the jungle approach to capitalism produces breakthrough innovations.
Impacts of redistribution on the size and composition of the workforce
Casey B. Mulligan, 31 October 2012
The US economy experienced an unusually deep and prolonged contraction, especially in its labour markets (Federal Reserve 2012). Employment and hours worked fell during 2008 and 2009 for many demographic groups, but disproportionately so among less skilled people, and among the unmarried. As of 2012, labour market activity still remained far below pre-recession levels.
Healthcare: The US presidential policy debate
Zack Cooper, 30 October 2012
Healthcare reform sharply divides US voters. But what cannot be disputed is that the US spends more on healthcare than any other country without getting uniformly better health outcomes.
Youth unemployment in Europe: More complicated than it looks
Jacob Funk Kirkegaard, 13 October 2012
Hardly a day goes by without a reminder of youth unemployment rates in excess of 50% in Greece, Spain, Italy, and other parts of the European periphery. Sometimes the reminders are in the form of rants by economists or pundits about the moral deficiency of EZ demands for austerity and the risks of a lost generation of young people.
Sex, money, red states and blue states
Jeffrey Frankel, 2 October 2012
Mitt Romney, the Republican candidate for US president, said in now-infamous comments that 47% of the electorate is dependent on the federal government, that he will never be able to teach them to take personal responsibility for their lives, and that they are certain to vote for Barack Obama in November.
Global Rebalancing 2.0
Linda Lim, Ronald U Mendoza , 24 September 2012
The discussion on global rebalancing is at a crossroads, and much of what will shape policy options moving forward will have to be taken up in roundtables that include more countries than the two usual suspects, China and the US.
The doomsday cycle turns: Who’s next?
Simon Johnson, Peter Boone, 21 September 2012
There is a common problem underlying the economic troubles of Europe, Japan, and the US: the symbiotic relationship between politicians who heed narrow interests and the growth of a financial sector that has become increasingly opaque (Igan and Mishra 2011).
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- 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
- 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
Reichlin, Baldwin, 14 April 2013
Reichlin, Turner, Woodford
CEPR Policy Research
- The "Greatest" Carry Trade Ever? Understanding Eurozone Bank RisksAcharya, Steffen
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí