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- 3 years
Climate Summit 2021: President Joe Biden Announces the United States Will Aim to Cut Carbon Emissions by as Much as 52% by 2030
- 6 years
Economics of World War I
- 1 month
The Birth of Insurance Markets: 14th-Century Italian Maritime Trading
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"You Cannot Convict Your Opponent of Error; You Can Only Convince Him Of It"
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“Academic” Freedom Has an Adjective in Front of the Noun
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“Economics is the Social Science of Love”
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“Spend Now, Deal with The Consequences Later” Is the Worst Policy
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More in Global Economy
Economics of World War I
What we now call World War I was known at the time, and for several decades afterward, simply as the "Great War." It wasn't until the arrival of World War II that World War I was re-christened. The Great War ended 100 years ago on November 11, 1918.
- 5
Global Population Pyramids
The Lancet has just published a recent set of papers from the Global Burden of Disease Study. As it notes: "The Global Burden of Disease Study (GBD) is the most comprehensive worldwide observational epidemiological study to date. It describes mortality and morbidity from major diseases, injuries and risk factors to health at global, national and regional levels. Examining trends from 1990 to the present and making comparisons across populations enables understanding of the changing health challenges facing people across the world in the 21st century."
- 3
Oil Price Roundtrip, A Headache For OPEC
Oil prices surged into the third quarter due to a combination of factors:
- 7
US Elections: Few Changes, Similar Challenges
The midterm elections in the United States have produced a result that was very similar to what the surveys estimated. The so-called “blue wave”, an expected overwhelming victory of the Democratic Party predicted by some, did not happen. The Democratic Party won 26 seats in Congress, and the Republicans held the Senate, increasing their majority by two representatives. Therefore, these are better Republican results than expected.
- 7
The Tax Cuts and Jobs Act, One Year Later
The Tax Cuts and Jobs Act was signed into law by President Trump less than a little less than year ago, on December 22, 2017. What are the likely benefits and costs associated with the legislation? The Fall 2018 issue of the Journal of Economic Perspectives (where I work as Managing Editor) includes a two-paper symposium on the subject. Joel Slemrod provides an overview of the main elements of the legislation and its effects in " "Is This Tax Reform, or Just Confusion?" (32:4, pp. 73-96). Alan J. Auerbach focuses on one primary aspect of the law, its shifts in the US corporate income tax, in "Measuring the Effects of Corporate Tax Cuts," (32:4, pp. 97-120).
- 6
How are Chinese Stocks Responding to Tariffs with the US and a Slowdown in Asian Growth?
· Despite US tariffs, China’s September trade balance with the US reached a record high
- 4
The Return of Quantitative Easing
Traditional monetary policy, as practiced in the decades up to 2007, faces a problem looking ahead. The shared areas in this figure show recessions. During a typical recession, the Federal Reserve cut its policy target interest rates--the so-called federal funds rate--by about 5 percentage points.
- 4
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