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Lessons Learned from the Implementation of Inflation Targeting.
This article reviews the role of monetary and fiscal policy in the financial crisis and draws lessons for future macroeconomic policy. It shows that policy deviated from what had worked well in the ...
I am honored to give this lecture in memory of L.K. Jha. It is a particular privilege to deliver it at this Platinum Jubilee celebration of the Reserve Bank of India. L. K. Jha was a truly outstandi...
Congratulations to the National Bureau of Economic Research on the twenty-fifth anniversary of the Macroeconomics Annual conference series, and thanks to all the editors over the years—Stanley Fisch...
Considering the overall performance of the American economy, the past 30 years divide naturally into two parts. During the first part—roughly the first two-thirds—economic performance was quite goo...
To better understand how a cap-and-trade market might function under high-carbon-price conditions, the authors ran a simulation called the ‘Electricity Strategy Game’ created by Severin Borenstein ...
In this article we use an original data set to provide the first empirical analysis of the political economy of inherited wealth taxation that covers a significant number of countries and a long time ...
The problem of piracy in the Gulf of Aden emerged as a threat to maritime transportation in early 2000 and it became a serious threat to international peace and security before 2010. Though the numbe...
Economies are complex man-made systems where organisms and markets interact according to motivations and principles not entirely understood yet. The increasing dissatisfaction with the postulates of t...
The German banking system came under pressure during the financial crisis, not least due to its significant exposure to toxic assets which originated in the US. In the short run, the stability of the ...
This paper reviews the literature on economic development as it relates to indigenous people in the United States and Canada, and focuses on how institutions affect economic development of reservation...
An orthodox currency board (CB) renders central banking redundant for interest and exchange rate determination. Thereby, monetary policy is de facto outsourced. Foreign direct investment (FDI) in bank...
This Article consists of an introductory essay and an edited transcript of an unusual panel discussion on implications of the financial crisis. A panel of experts composed of prominent corporate and b...
We review the potential contributions of environmental and resource economics (ERE) to the achievement of sustainable development in developing countries; and highlight the limitations associated with...

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