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Save the Whales, Reduce Atmospheric Carbon
When it comes to holding down the concentrations of atmospheric carbon, I'm willing to consider all sorts of possibilities, but I confess I had never considered whales. Ralph Chami, Thomas Cosimano, Connel Fullenkamp, and Sena Oztosun have written "Nature’s Solution to Climate Change: A strategy to protect whales can limit greenhouse gases and global warming" (Finance & Development, September 2019, related podcast is here).
- 6
Analysing US Wage Trends
Want to prove that US wages are rising? Want to prove they are falling? Either way, you've come to the right place. Actually, the right place is a short essay, "Are wages rising, falling, or stagnating?" by Richard V. Reeves, Christopher Pulliam, and Ashley Schobert (Brookings Institution, September 10, 2019).
- 5
Will Merkel’s Green Plan Work?
A few months ago we commented that there will be no energy transition without competitiveness, and given the proposal of Germany to carry out another huge green plan, the European Union faces the opportunity to correct the mistakes made in the past with the wrong subsidies and policies. An opportunity to strengthen the economic fabric of the eurozone. However, the risks of repeating the same mistakes are not small.
- 4
Is the US Dollar Fading as the World's Dominant Currency?
When I'm talking to a public group, it's surprisingly common for me to get questions about when or whether the US dollar will fade as the world's dominant currency. Eswar Prasad offers some evidence on this question in "Has the dollar lost ground as the dominant international currency?" (Brookings Institution, September 2019). Prasad writes:
- 6
Analysing the Economic Impact of the Saudi Arabia Oil Attacks
The drone attacks on Saudi Arabia had an important impact on the country’s oil infrastructure, but we should not exaggerate its impact on world supply.
- 7
A Road Stop on the Development Journey
Economic development is a journey that has no final destination, at least not this side of utopia. But it can still be useful to take a road stop along the journey, see where we've been, and contemplate what comes next. Nancy H. Chau and Ravi Kanbur offer such an overview in their essay "The Past, Present, and Future of Economic Development," which appears in a collection of essays called Towards a New Enlightenment? A Transcendent Decade (2018, pp. 311-325). It was published by Open Mind, which in turn is a nonprofit run by the Spanish bank BBVA (although it does have a US presence, mainly in the south and west).
When the University of Chicago Dropped Football
There was a time when football was king at the University of Chicago. Their famous coach, Amos Alonzo Stagg, ran the program from 1892 to 1932. His teams were (unofficial, but widely recognized) national champions in 1905 and 1913. His teams won 314 games, which means that even after all these years he ranks 10th for most wins among college football coaches. Stagg is credited with fundamental innovations to the way we think about football: the "tackling dummy, the huddle, the reverse and man in motion plays, the lateral pass, uniform numbers."
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