Showing results 1 - 10 of 1428
| Jason Furman
November 19, 2020, Video: "Introductory remarks by Princeton University's Markus Brunnermeier. Jason Furman is a Professor of Economics at Harvard Kennedy School, Senior Fellow at PIIE and Former Chair of the Council of Economic Advisors." Watch Via Princeton Bendheim Center for Finance
September 3, 2020, Paper: "In the past decade, foreign participation in local-currency bond markets in emerging countries increased dramatically. Additionally, emerging countries are increasingly deviating from inflation targeting regimes, managing their exchange rate and engaging in exchange-rate accumulation. In light of these trends, we revisit sovereign debt sustainability, and the choice of the optimal exchange-rate regime, under the…
| Dante Roscini
August 2020. GrowthPolicy’s Devjani Roy interviewed Dante Roscini, Professor of Management Practice at Harvard Business School, on the economic fallout of COVID-19, sovereign debt crises, and the current investing environment in Europe. |…
| Amitabh Chandra
August 7, 2020, Paper: "The Coronavirus Aid, Relief, and Economic Security (CARES) Act and Paycheck Protection Program together designated $175 billion for coronavirus disease 2019 (COVID-19) response efforts and reimbursement to health care entities for expenses or lost revenues.1 The most important factor driving funding…
| Nathaniel Hendren
August 2020, Paper: "We describe a framework for empirical welfare analysis that uses the causal estimates of a policy’s impact on net government spending. This framework provides guidance for which causal effects are (and are not) needed for empirical welfare analysis of public policies.The key ingredient is the construction of each policy’s marginal value of public funds (MVPF). The MVPF is the ratio of beneficiaries’ willingness to pay for…
| Kenneth Rogoff
July 2020, Paper, "We've had 2 days of discussions, papers, comments on the topic of debt–public sector debt, household debt, corporate sector debt. Now, with our last panel, we will zero in on public sector debt, and that's going to be where we spend …"
Paper Link - Read Via SpringerLink…
July 1, 2020, Paper, "The economic crisis triggered by the COVID-19 epidemic has led to historic job losses across a range of industries. Nonfarm payroll employment as reported by the Bureau of Labor Statistics (BLS) declined by 20.5 million in April, the largest drop since the start of the series in 1939. Employment fell in all major industries, but losses were particularly dramatic in leisure and hospitality (7.7 million, or 47 percent). These…
| Victoria Ivashina
2020, Paper, "In emerging markets, a significant share of corporate loans are denominated in dollars. Using novel data that enables us to see currency and the cost of credit, in addition to several other transaction-level characteristics, we re-examine the reasons behind dollar credit popularity. We find that a dollar-denominated loan has an interest rate that is 2% lower per year than a loan in Peruvian Soles. Expectations of exchange rate…
| Linda Bilmes
June 25, 2020, Opinion, "While many of us may hope the worst of the coronavirus pandemic is behind us — in spite of the recent surge in new cases across the country — for the nation’s states, cities, and towns the worst is still ahead. The new fiscal year begins on July 1 for these governments, which together provide the public with schools, water, sanitation, trash collection, fire safety, emergency medical response, and infrastructure. They…
| Lawrence H. Summers
June 22, 2020, Opinion, "Every year the Internal Revenue Service leaves billions of dollars in tax revenue on the table by failing to pursue high-income individuals who don’t bother to file tax returns. A report released last month by the Treasury Department’s inspector general estimated that the amount of lost revenue was nearly $50 billion between 2014 and…