Showing results 1 - 10 of 448
November 2020. GrowthPolicy’s Devjani Roy interviewed Joseph S. Nye, Jr., University Distinguished Service Professor, Emeritus and former Dean of Harvard Kennedy School, on the long-term geopolitical impact of COVID-19, morality and the U.S. Presidency, and the role of soft power in U.S. foreign policy. |…
August 2020. GrowthPolicy’s Devjani Roy interviewed Sven Beckert, Laird Bell Professor of History at Harvard University, on income inequality and the new Gilded Age, the jobs of the future, and the long historical arc of capitalism. | Click here…
| Eric Maskin
Can Withholding or Damage Improve Welfare in Bilateral Trade Mechanisms? Eric Maskin, 2020, Paper, "We study the welfare consequences of allowing the mechanism designer to withhold or damage resources in the optimal mechanism for bilateral trade with independent private values. We show that withholding monetary transfers or withholding the good from both traders is never optimal. Similarly, damaging the good for the buyer cannot improve welfare…
| Lawrence H. Summers
Trump is missing the big picture on the economy. Lawrence Summers, March 24, 2020, Opinion, "As an economist, I am normally enthusiastic when presidents or other political leaders emphasize the economic aspect of public policy issues. I am all for economic growth, cost benefit analyses, trade agreements, more flexible markets and prudent deregulation. Yet I am appalled by President Trump’s invocation of economic arguments as a basis for…
| John Ruggie
The Paradox of Corporate Globalization: Disembedding and Reembedding Governing Norms. John Ruggie, 2020, Paper, "The political economy of the post-World War II West was shaped by normative understandings and institutional arrangements that scholars describe as embedded liberalism. It coupled governments’ commitments to progressively liberalize trade as well as establish free and stable exchange rates with maintaining adequate domestic policy…
| Jeffrey Frankel
February 26, 2020, Opinion: "At the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9% to 2.3% in the US and from 3.6% to 2.9% globally. Still, there had been no recession and as recently as January, the International Monetary Fund projected a global growth rebound in 2020. The new coronavirus, Covid-19, has changed all of that."
| Gordon Hanson
February 5, 2020, Paper, "The trade war has received an enormous amount of attention. Its impacts today have been limited because the U.S. and China have been a bit restrained. Lots of firms have gotten exceptions to these tariffs and there have been lots of delays in their full implementation. It’s also been the case that U.S. firms have been delaying making adjustments to their global value chains. What has been striking is that the impact of…
January 2020, Paper, "Linkage of national cap-and-trade systems is typically advocated by economists on a general analogy with the beneficial linkage of free-trade areas and on the specific grounds that linkage will ensure cost effectiveness among the linked jurisdictions. The paper analyses the less obvious effects of linkage with the bottom–up approach of the Paris Agreement where each country sets its nationally determined contribution for…
| Ricardo Hausmann | Miguel Santos
December 2019, Paper, "Jordan faces a number of pressing economic challenges: low growth, high unemployment, rising debt levels, and continued vulnerability to regional shocks. After a decade of fast economic growth, the economy decelerated with the Global Financial Crisis of 2008-09. From then onwards, various external shocks have thrown its economy out of balance and prolonged the slowdown for over a decade now. Conflicts in neighboring…
| Robert Stavins
November 2019, Paper, "There is widespread agreement among economists – and a diverse set of other policy analysts – that, at least in the long run, an economy-wide carbon-pricing system will be an essential element of any national policy that can achieve meaningful reductions of CO2 emissions costeffectively in the United States and many other countries. There is less agreement, however, among economists and others in the policy community…