Working Papers

The principal threat to economic stability currently is the overhang of debt, both private and public.

Increased hospital system consolidation in small Metropolitan Statistical Areas is adversely related to nurse wage growth.

Things are going to break and central banks are going to have to respond, but the mental frame that most people will be using is not well suited for understanding how the world now works

A critical reappraisal of the case in favor of monetary tightening pressed by inflation hawks is overdue.

The Consumer Welfare Standard is severely limited or defective, preventing it from being an appropriate standard for modern antitrust.

A Novel Account of Inflation Forecasts

Moving away from fossil fuels, towards a system with a far greater contribution from variable renewables, means that the current system is not fit for purpose.

Fears of ‘stagflation’ have come back to haunt macroeconomic policy makers all over the globe

Price Inflation, Marginal Cost Pricing, and Principles for Electricity Market Redesign in an Era of Low-Carbon Transition

China’s successful technological development path stands in contrast to the corporate financialization model in the United States

Real Estate Investment Trusts (REITs) are considered “passive” investors and are exempt from corporate tax. But in reality, they play a very active role in reshaping whole industries, like healthcare.

Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral

A persistent regime of low wages may determine very negative long-term consequences on the economy.

Pari passu clauses were deliberately crafted to gain an upper hand in sovereign bankruptcy disputes brought to the London stock exchange’s jurisdiction

Are there alternative, less socially costly, ways to bring inflation down?