More in Global Economy


3 months

USA: The Productivity That Didn't Happen

The bad news is that US productivity growth has been slow for the last 15 years, and in facts for 30 of the last 40 years.

3 months

Religion and Life Outcomes: Looking for Causal Effects

The pervasiveness of US religious belief has seemed to decline in the last 30 years or so, by a variety of measures.

3 months

COVID-19: Governments Only Equalize Down

It is very important to understand the lessons learned from this crisis.

3 months

COVID-19: We Pay Plasma Donors, Don't We?

The quantity of blood plasma being used in medical therapies was already rising at 6-10% a year.

3 months

Updating GDP: Human Capital, Non-market Work, Inequality, Health Care, and More

No one who knows anything about modern gross domestic product (GDP), including economists and government statisticians.

3 months

After the Flood – Beyond Fiscal and Monetary Intervention

Monetary and fiscal stimulus to ameliorate the effect of the pandemic has exceeded $9trln Stock markets have recovered, although most are below their February highs The combined supply and demand shock of Covid-19 is structural A value-based investment approach is critical to navigate the transition

3 months

A Real Recovery Demands a Back-to-Basics Approach

The macro data published in May and June so far shows a lackluster recovery, with significant challenges both in the pace of unemployment reduction and the improvement in consumption and investment.